IRS Announces 2020 HSA Contribution Limits

The IRS announced the 2020 annual inflation adjusted limits for Health Savings Accounts (HSA) Contributions and High Deductible Health Plan (HDHP) Out of Pocket limits. The information was announced in Rev. Proc. 2019-25.

Please reference the table below for specific details:

20192020
HSA Maximum Contribution – Single$3,500$3,550
HSA Maximum Contribution – Family$7,000$7,100
HSA Catch Up (55 years or older)$1,000$1,000
Minimum Deductible – Single$1,350$1,400
Minimum Deductible – Family$2,700$2,800
Out of Pocket Maximum – Single$6,750$6,900
Out of Pocket Maximum – Family$13,500$13,800

 

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