Employee Benefit News for School, City and County Employers

2021 Employee Benefit Plan Limits

Written by Valerie Ortiz | Nov 5, 2020 3:44:55 PM

1 minute read

Some employee benefits are subject to annual dollar limits which are periodically updated for inflation by the IRS. Although many limits will remain the same for 2021, the following limits will increase:

HSA Contribution Limit
Self-Only $3,600
Family $7,200
   
HDHP Out-of-Pocket Maximum
Self-Only $7,000
Family $14,000
   
Adoption Assistance Benefits
Tax Exclusion $14,400

 

Employers should update their benefit plan designs and communicate the new limits to their employees. Download the bulletin for more details.