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Post Date:  5/21/2020
Last Updated:  5/21/2020

Summary
Cross References
- IRC §223
- Rev. Proc. 2020-32
- Rev. Proc. 2019-25
- Rev. Proc. 2018-30

The IRS announced inflation adjusted amounts for health savings accounts (HSAs) for 2021. These amounts are reflected in the chart below in comparison to previous years.

HSA Limitations
Annual contribution is limited to: 2021 2020 2019
   Self-only coverage, under age 55 $3,600 $3,550 $3,500
   Self-only coverage, age 55 or older $4,600 $4,550 $4,500
   Family coverage, under age 55 $7,200 $7,100 $7,000
   *Family coverage, age 55 or older $8,200 $8,100 $8,000
Minimum annual deductibles:
   Self-only coverage $1,400 $1,400 $1,350
   Family Coverage $2,800 $2,800 $2,700
Maximum annual deductible and out-of-pocket expense limits:
   Self-only coverage $7,000 $6,900 $6,750
   Family Coverage $14,000 $13,800 $13,500
*Assumes only one spouse has an HSA. See IRS Pub. 969 if both spouses have separate HSAs.

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