On May 21, 2020, the IRS announced the 2021 HSA contribution limits for Health Saving Accounts (HSA). The following increases are effective January 1, 2021: 2021 HSA Contribution Limits Individuals with single HDHP coverage will see a $50 increase in the annual contribution limit, bringing the maximum limit to $3,600 for 2021. Families with family… Continue reading 2021 HSA Contribution Limits Announced
Tag: Health Savings Account
New HSA Limits Announced for 2018; Possible Changes Proposed
Last week the IRS released the inflation-adjusted limits for Health Savings Accounts (HSAs) in 2018. The increases for the 2018 are as follows: Annual Contribution Single: $2,450 Family: $6,900 HSA Minimum Deductible Single: $1,350 Family: $2,700 HSA Maximum Out-of-Pocket Expenses Single: $6,650 Family: $13,300 Looking Ahead If the ACA replacement bill gets passed in the… Continue reading New HSA Limits Announced for 2018; Possible Changes Proposed