The IRS has released the cost of living adjustments to the limits for Health Savings Accounts (HSA) and High Deductible Health Plans (HDHPs). Most of the limits have changed for the 2021 tax year.

2020 2021
Health Savings Account Limitations (HSAs)
HSA Contribution Limits
Individual $3,550 $3,600
Family $7,100 $7,200
Catch-up $1,000 No change
HDHP Out of Pocket Maximum
Individual $6,900 $7,000
Family $13,800 $14,000
HDHP Minimum Annual Deductible
Individual $1,400 No change
Family $2,800 No change

Employees must be enrolled in an HDHP in order to contribute to an HSA. If you have questions as to how these limits apply to your plan, please contact your Nyhart consultant.