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2020 HSA Limits Announced

2019 HSA Limits

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)