Every year, the IRS updates their Health Savings Accounts (HSA) contribution limits. It’s important to stay up to date with these changes and be aware of how much you could be saving each year for qualified medical expenses.
Single Plan HSA Contribution Limits |
Family Plan |
|
| Maximum Contribution Limit | $3,600 | $7,200 |
| Minimum Deductible | $1,400 | $2,800 |
| Maximum Out-of-Pocket | $7,000 | $14,000 |
| Catch-up Contribution (55+) | $1,000 | $1,000 |
Flexible Spending Account |
Dependent Care Flexible Spending Account (DCFSA) |
Commuter Benefits |
| 2021 Maximum Contribution Limit: | 2021 Maximum Contribution Limit: | 2021 Parking & Transit |
| $2,750 | $2,500 | $270 per month / per benefit |
| Maximum Carryover Amount: | If filing taxes jointly, Maximum Contribution: | |
| $550 | $5,000 |
You can pay for a wide range of IRS-qualified medical expenses with your HSA, including many that aren’t typically covered by health insurance plans. This includes deductibles, co-insurance, prescriptions, dental and vision care, and more. For a complete list of IRS-qualified medical expenses visit irs.gov or contact us to help you learn more.
