IRS Announces 2021 Limits for Health Savings Accounts and High-Deductible Health Plans

By Jacob Mattinson and Judith Wethall on May 21, 2020

The Internal Revenue Service (IRS) recently announced cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs) and high-deductible health plans (HDHPs) for 2021. Some of the dollar limits currently in effect for 2020 will change for 2021.

Access a table comparing the applicable dollar limits.

Tags: COLA limits, cost-of-living adjustments, HDHP, Health Reimbursement Arrangement Insurance Premiums, health savings accounts, healthcare, high deductible health plan, HSA, Internal Revenue Service, IRS, new limits, Revenue Procedure 2020-32

Jacob Mattinson
Jacob M. Mattinson focuses his practice on employee benefits and matters related to 401(k), 403(b), pension, executive compensation, health care reform, and cafeteria and welfare plans. Jacob assists clients in drafting employee benefit plan documents and amendments. He represents clients in matters before the Internal Revenue Service (IRS), US Department of Labor (DOL) and Pension Benefit Guaranty Corporation with respect to plain qualification issues. Read Jacob Mattinson's full bio.

Judith Wethall
Judith Wethall focuses her practice on employee benefits, specifically health and welfare programs. She counsels employers, plan administrators, insurers and consultants on a wide range of ERISA compliance issues. Judith's clients include sole proprietors to Fortune 100 companies and cover a variety of industries including health care, technology, manufacturing, insurance and financial. Read Judith Wethall's full bio.

IRS Announces 2021 Limits for Health Savings Accounts and High-Deductible Health Plans

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