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2021 inflation adjustments for benefits plans

Some of the new numbers are higher than their 2020 counterparts.

By Beth Miller | November 19, 2020 at 07:30 AM

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Following announcements by both the Internal Revenue Service and the Social Security Administration, most of the information on 2021 dollar amounts that employers will need to administer their benefit plans is now available. The key dollar amounts for retirement plans and individual retirement accounts (IRAs) can be found on the front side of this 2021 limits card.

The reverse side of the card shows dollar amounts that employers will need to know to administer health flexible spending accounts (FSAs), health savings accounts (HSAs), and high-deductible health plans (HDHPs), as well as health plans that are not grandfathered under the Affordable Care Act.

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