News & Announcements

IRS: 2020 Health Savings Account Limits Increase

Posted Tuesday, June 25, 2019 6:26 am

The Internal Revenue Service announced the 2020 inflation-adjusted amounts for Health Savings Accounts (“HSA”).  The annual limitation on deductions for high deductible health plans (“HDHP”) is $3,550 for an individual plan and $7,100 for a family plan.

 A “high deductible health plan” is a plan with an annual deductible of not less than $1,400 for self-only coverage and a limit of $6,900 on related out-of-pocket expenses, or an annual deductible of $2,800 for family coverage and a limit of $13,800 on related out-of-pocket expenses.  Read more.








HSA Annual Contribution Limit





HDHP Min Annual Deductible





HDHP Max Out-of-Pocket Expenses






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