The IRS released the 2020 Health Savings Account (HSA) contribution limits, the minimum required HDHP deductibles, and the HDHP out-of-pocket maximums.  Each year, the IRS reviews these figures based on a cost-of-living adjustment.

 

The figures below pertain to HSAs and HSA-qualified High Deductible Health Plans.

 

2020 Annual HSA Contribution Limits

Single:  $3,550 ($50 increase from 2019)

Family:  $7,100 ($100 increase from 2019)

 

2020 Annual Minimum HDHP Required Deductibles

Single:  $1,400 ($50 increase from 2019))

Family:  $2,800 ($100 increase from 2019)

 

2020 HDHP Out-of-Pocket Maximums

Single:  $6,900 ($150 increase from 2019)

Family:  $13,800 ($300 increase from 2019)

 

 

More information can be found at:

https://www.irs.gov/irb/2019-22_IRB