IRS announces 2020 HSA Contribution Limits

June 18, 2019
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HSA limits will increase $50 for an individual with self-only coverage and $100 for an individual with family coverage in 2020.

For calendar year 2020, the annual limitation on deductions under Section 223(b)(2)(A) for an individual with self-only coverage under a high deductible health plan is $3,550. For calendar year 2020, the annual limitation on deductions under Section 223(b)(2)(B) for an individual with family coverage under a high deductible health plan is $7,100.

For calendar year 2020, a “high deductible health plan” is defined under Section 223(c)(2)(A) as a health plan with an annual deductible that is not less than $1,400 for self-only coverage or $2,800 for family coverage, and the annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) do not exceed $6,900 for self-only coverage or $13,800 for family coverage.

Text of Revenue Procedure 2019-25 may be found in Internal Revenue Bulletin: 2019-22.

  • Personal
  • HSA

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