IRS Releases 2020 Limits for HSAs

Posted May 28, 2019 by Patrick Haynes in Uncategorized | 0 comments

On May 28, 2019, the IRS released Revenue Procedure 2019-25 It provides the 2020 inflation-adjusted amounts for HSA-qualified high deductible health plans (HDHPs).

The inflation-adjusted increases for 2020 are:

  • HSA-Qualified HDHP Self Coverage: Annual deductible must be $1,400 or more in 2020 (up $50 from 2019), and annual out-of-pocket expenses cannot exceed $6,900 (up $150 from 2019).
  • HSA Contribution Limit for Self Coverage: Increases to $3,550 in 2020, up $50 from 2019.
  • HSA-Qualified HDHP Family Coverage: Annual deductible must be $2,800 or more in 2020, up $100 from 2019, and annual out-of-pocket expenses cannot exceed $13,800 (up $300 from 2019).
  • HSA Contribution Limit for Family Coverage: Increases to $7,100 in 2020, up $100 from 2019.
  • No change to the Age-55+ HSA catch-up limit.  That value remains at $1,000 per year.

Please contact your Sales Executive or Account Manager for additional details about how this may affect your 2020 HDHP-HSA offerings.    And, don’t forget to review our 2020 non-HDHP plan limits here.

Contribution and Out-of-Pocket Limits
for Health Savings Accounts and High-Deductible Health Plans
2020 2019 Change
HSA contribution limit (Employer + Employee) Self-only: $3,550
Family: $7,100
Self-only: $3,500
Family: $7,000
Self-only: +$50
Family: +$100
HSA catch-up contributions (age 55 or older) $1,000 $1,000 No change
HDHP minimum deductibles Self-only: $1,400
Family: $2,800
Self-only: $1,350
Family: $2,700
Self-only: +$50
Family: +100
HDHP maximum out-of-pocket amounts (deductibles, co-payments and other amounts, but not premiums) Self-only: $6,900
Family: $13,800
Self-only: $6,750
Family: $13,500
Self-only: +$150
Family: +$300

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