2020 Qualified Benefit Plan Limits Released

Flexible Spending Accounts

• Healthcare Flexible Spending Account - $2,750 (increase of $50)
• Dependent Daycare Account - $5,000 (no change)
• Adoption Assistance - $14,300 (increase of $220)

Commuter Benefit Accounts

• Parking Benefit - $270 (increase of $5)
• Transit Benefit - $270 (increase of $5)

Health Savings Account (HSA) 2020 limits announced May 2019

Maximum Contribution Amount

• Individual - $3,550 (increase of $50)  
• Family - $7,100 (increase of $100)  
• Catch-up (age 55+) - $1,000 (no increase)

Maximum Out-of-Pocket Expense Limit

• Individual - $6,900 (increase of $150)  
• Family - $13,800 (increase of $300)

Minimum Health Plan Deductible Limit

• Individual - $1,400 (increase of $50)  
• Family - $2,800 (increase of $100)

For a copy of the IRS Revenue Procedure, please click here.