2020 Annual HSA Limits Announced
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The IRS has released the 2020 annual HSA contribution limits. The table below shows the 2019 and 2020 amounts with the year-over-year changes.
| HSA Contribution Limits | 2019 | 2020 | Change |
|---|---|---|---|
| Individual | $3,500 | $3,550 | +$50 |
| Family | $7,000 | $7,100 | +$100 |
Additionally, the IRS increased the minimum annual deductibles and the maximum out-of-pocket maximum for high deductible health plans.
| Self-only coverage | 2019 | 2020 | Change |
|---|---|---|---|
| Deductible | $1,350 | $1,400 | +$50 |
| Out-of-pocket maximum | $6,750 | $6,900 | +$150 |
| Family coverage | 2019 | 2020 | Change |
|---|---|---|---|
| Deductible | $2,700 | $2,800 | +$100 |
| Out-of-pocket maximum | $13,500 | $13,800 | +$350 |