For 2021, the HSA contribution limits have increased due to inflation. An individual with self-only coverage under an HDHP can contribute up to $3,600, a $50 increase. For those with family coverage, the new limit is $7,200, a $100 annual increase.
2021 HSA Contribution Limits
| Single Coverage | Family Coverage | Catch Up Contributions (55+) | |
| 2021 | $3,600 | $7,200 | $1,000 |
| 2020 | $3,550 | $7,100 | $1,000 |
| 2019 | $3,500 | $6,900 | $1,000 |
2021 HDHP Minimum Deductibles and Out-of-Pocket Limits
The IRS did not raise the annual minimum deductible for high deductible health plans. The rate cannot be less than $1,400 for self-only coverage, and $2,800 for family coverage. This means all those HRAs that reimburse HDHP medical deductibles after the IRS minimum limits do not need to change for 2021.
Out-of-pocket maximums went up, however. For self-only coverage, the maximum increased by $100, from $6,900 to $7,000. For family coverage, the maximum increased by $200, from $13,800 to $14,000.
HDHP Minimum Deductibles and Out-of-Pocket Maximums
| 2021 | 2020 | 2019 | |
| Single minimum deductible | $1,400 | $1,400 | $1,350 |
| Family minimum deductible | $2,800 | $2,800 | $2,700 |
| Single out-of-pocket maximum | $7,000 | $6,900 | $6,750 |
| Family out-of-pocket maximum | $14,000 | $13,800 | $13,500 |
An HSA is owned solely by the account owner. The HSA owner may use the benefit funds to pay for eligible expenses for themselves and their dependents.
If married spouses each have self-only coverage, they can only contribute up to the self-only maximum.
Account owners may fund their HSA from a personal IRA (traditional or Roth) once in their lifetime. (On the docket for a future, more in depth article). The contribution counts towards the annual contribution limit.