2021 health savings account, high-deductible health plan figures set

Connecticut Enacts Paid Family and Medical Leave

The IRS has announced the 2021 inflation-adjusted amounts for health savings accounts (HSAs) and high-deductible health plans (HDHPs). In 2021, tax-deductible/tax-free HSA contribution limits and HDHP in-network out-of-pocket maximums will increase for both self-only and family coverage levels, while HDHP minimum annual deductibles are unchanged. The HSA catch-up contribution limit is set by statute and has remained the same since 2009. The table below shows HSA and HDHP limits for 2019‒2021.

Affordable Care Act (ACA) out-of-pocket maximums are higher. As announced by the Department of Health and Human Services in May 2020, the out-of-pocket maximums for nongrandfathered group health plans under the ACA — $8,550 for self-only and $17,100 for other coverages — are higher than 2021 HDHP out-of-pocket maximums.

Dorian Z. Smith
by Dorian Z. Smith

Partner, Mercer’s Law & Policy Group

Kaye Pestaina
by Kaye Pestaina

Principal, Mercer’s Law & Policy Group

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