IRS Releases 2020 HSA Contribution & Coverage Limits

May 30, 2019

The IRS recently announced the following new Health Savings Account (HSA) contribution limits for 2020:

Annual Maximum Contribution Amount

Individual	$3,550	(increase of $50)
Family	$7,100	(increase of $100)

High Deductible Health Plan (HDHP) deductible amounts and expense limits for 2020 were also announced:

Annual Maximum Out-of-Pocket Limit for HDHP

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

Annual Minimum Deductible Limit for HDHP

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

Additional details:

IRS Revenue Procedure 2019-25