New HSA/HDHP Limits for 2021
The IRS has announced the inflation-adjusted limits for health savings accounts and high deductible health plans for 2021. Both the annual HSA contribution limits and maximum HDHP out-of-pocket limits increased. But the HDHP minimum deductibles remained the same. In addition, the IRS and HHS recently increased the maximum out-of-pocket limits for non-grandfathered group health plans under the ACA. Below is a summary:
If you have any questions regarding HSAs or high deductible health plans or the new limits, please contact the authors or any member of the Employee Benefits practice group.