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2020 Limits for Health Savings Accounts, High Deductible Health Plans

The IRS has released Revenue Procedure 2019-25, setting dollar limitations for health savings accounts (HSAs) and high-deductible health plans (HDHPs) for calendar year 2020. The contribution, deductible, and out-of-pocket limitations for the current year are included in the table below for reference. 

Contribution and Out-of-Pocket Limits for Health Savings Accounts and High Deductible Health Plans
  For 2020     For 2019

Change from 2019-2020

HSA Annual
Contribution
Limits
Individual:
$3,550
Family:
$7,100
Individual:
$3,500
Family:
$7,000

Individual: $50
increase
Family: $100
increase

HDHP Minimum
Deductibles
(definition
available 
here)
Individual:
$1,400
Family:
$2,800
Individual:
$1,350
Family:
$2,700

Individual: $50 
increase
Family: $100
increase 

HDHP Out-of-Pocket
Maximums
(definition
available 
here)
Individual:
$6,900
Family:
$13,800
Individual:
$6,750
Family:
$13,500
Individual:
$150 increase
Family:
$300 increase
 

For guidance on HSAs, please review the IRS frequently asked questions page at https://www.irs.gov/publications/p969/ar02.html.

This blog post should not be considered as legal advice.

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