The IRS recently announced the 2021 limits for Health Savings Accounts and High Deductible Health Plans. After reading the IRS publication, we thought it might be easier to understand if we took all the legal mumbo-jumbo out, leaving the most important information: the amounts! HSA amounts reflect the limit on deductions and the HDHP reflects the new deductible limit. Also included in the notice is the annual out-of-pocket maximum amount. Out-of-pocket amounts generally include deductibles, co-payments, and other payments made.
HSA Deduction Limits
HDHP Deductible Limits
Out-of-Pocket Maximum Expense
Feel free to reach out to our CDHP customer service with any questions about your account(s). We are always here to help!