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Inflation-adjusted HSA Figures for 2021

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Health Savings Accounts (HSAs) allow eligible individuals to make deductible contributions that can be withdrawn tax-free for reimbursement of eligible medical expenses.

For 2021, the limitation on HSA deductions is $3,600 (up from $3,550 for 2020) for an individual with self-only coverage under a High Deductible Health Plan (HDHP) or $7,200 (up from $7,100 for 2020) for family coverage.

An HDHP is defined as a health plan with:

  • An annual deductible not less than $1,400 (same as 2020) for self-only coverage or $2,800 (same as 2020) for family coverage.
  • Annual out-of-pocket expenses (deductibles, copayments, and other amounts, but not premiums) not exceeding $7,000 (up from $6,900 for 2020) for self-only coverage or $14,000 (up from $13,800 for 2020) for family coverage.