2020 Limits For Health Savings Accounts (HSA) And High Deductible Health Plans (HDHP)
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: