Many employee benefit plans are subject to annual contribution limits and these may change each year due to inflation. Below are the plans that have updated contribution limits for 2021:
HSA (Health Savings Account):
Individual: $3,600 ($50 increase from 2020)
Family: $7,200 ($100 increase from 2020)
HDHP Out-of-Pocket Maximum
(High Deductible Health Plan)
Individual: $7,000 ($100 increase from 2020)
Family: $14,000 ($200 increase from 2020)
Clients of Acumen Advisors are encouraged to contact their Advisor or Account Manager for more specific information on this topic.