The IRS released Rev. Proc. 2020-32 which provides the 2021 inflation adjusted amounts for Health Savings Accounts (HSAs):

Annual Contribution Limitation

For calendar year 2021, the annual limitation on deductions under § 223(b)(2)(A):

  • For an individual with self-only coverage under a high deductible health plan is $3,600.
  • For calendar year 2021, the annual limitation on deductions under § 223(b)(2)(B) for an individual with family coverage under a high deductible health plan is $7,200.

High Deductible Health Plan

For calendar year 2021, a “high deductible health plan” is defined under § 223(c)(2)(A) as a health plan with an annual deductible that is not less than:

  • 1,400 for self-only coverage
  • $2,800 for family coverage

Annual Maximum Out-of-Pocket Expenses

(deductibles, co-payments, and other amounts, but not premiums):

  • $7,000 for self-only coverage
  • $14,000 for family coverage.

This document is provided for general information purposes only and should not be considered legal or tax advice or legal or tax opinion on any specific facts or circumstances. Readers are urged to consult their legal counsel and tax advisor concerning any legal or tax questions that may arise.


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