skip to Main Content

GET A QUOTE AND CHECK YOUR PROVIDERS

(On and Off Exchange)

(Short-Term Plans Only)

(Must have a compatible plan)

(Must have a compatible plan)

972.245.0266 | 888.456.3467 972.245.2455 (fax) Mobile App

Deductible and Out-of-Pocket Limits

The Internal Revenue Service has announced the deductible, out-of-pocket, and contribution limits for HSA-qualified plans for the 2021 calendar year. The minimum deductible Is staying the same: $1,400 for people with single coverage and $2,800 for people with family coverage. (The minimum individual deductible on an embedded deductible plan is $2,800, the same as the minimum family deductible.) Meanwhile, the out-of-pocket limit increased by $100 for people with single coverage, from $6,900 to $7,000, and by $200 for people with family coverage, from $13,800 to $14,000.

The out-of-pocket exposure for non-HSA-qualified metallic plans is now significantly higher than for “High Deductible” HSA plans. For individuals, it will be $8,550 in 2021 (up from $8,150 in 2020), and for families it will be $17,100 in 2021 (up from $16,300 in 2020). The new figures are summarized in the chart below.

Contribution Limits

People with an HSA-qualified High Deductible Health Plan who do not have other coverage that pays prior to the deductible can set aside tax-free dollars to pay for eligible medical expenses. The 2020 HSA contribution limits are summarized in the chart below. There’s a $50 increase for people with single coverage (from $3,550 in 2020 to $3,600 in 2021) and a $100 increase for people with family coverage (from $7,100 in 2020 to $7,200 in 2021).

If you have questions about Health Savings Accounts or are interested in one for your family or your employees, please contact JME Insurance at 972.245.0266.

Back To Top