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2020 HSA Limits Announced

2019 HSA Limits
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See the new 2021 limits here

2020 HSA Contribution Limit

The HSA limits for contributions are set to increase in 2020 according to Revenue Procedure 2019-25, released today by the IRS. Individuals age 55 or older can continue to make an additional $1,000 catch-up contribution.

Individual: $3,550 (up from $3,500 in 2019)

Family: $7,100 (up from $7,000 in 2019)

HSA HDHP Requirements

The minimum deductible requirements and maximum out-of-pocket requirements are set to increase in 2020. For employers and individuals that are currently in a plan set at or near the minimum deductible limits, you will need to make adjustments to ensure your plan continues to remain HSA eligible.

Individual/Self-coverage:
$1,400 minimum deductible (up from $1,350 in 2019)
$6,900 maximum out-of-pocket (up from $6,750 in 2019)

Family Coverage:
$2,800 minimum deductible (up from $2,700 in 2019)
$13,800 maximum out-of-pocket (up from $13,500 in 2019)