What Is the Maximum Deductible for an HSA Qualified Health Plan?

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IRS Sets Annual Maximum HSA Deductibles

In an HSA qualified health plan, the maximum deductible is determined by the Internal Revenue Service (IRS). The deductible amount may vary each year and is subject to change based on guidelines set by the IRS.

For the year 2021, the maximum deductible for an HSA qualified high deductible health plan (HDHP) is $7,000 for individual coverage and $14,000 for family coverage.

How Deductibles Affect Out-of-Pocket Costs

It's important to note that the deductible is the amount you must pay out of pocket for covered medical expenses before your insurance plan starts to pay. Having a high deductible can be a trade-off for the benefits of lower monthly premiums and the ability to contribute to a tax-advantaged HSA.

2022 Example of Increased Deductible Limits

The maximum deductible for an HSA qualified high deductible health plan (HDHP) is set by the Internal Revenue Service (IRS) and can change annually. In 2022, for instance, the maximum deductible limits increased to $7,050 for individuals and $14,100 for families, providing a greater opportunity for tax savings through HSA contributions.