IRS Releases HSA Contribution & Coverage Limits for 2020
IRS has just issued Revenue Procedure 2019-25, which provides the 2020 cost-of-living contribution and coverage adjustments for HSAs, as required under Code Section 223(g). Many items have increased for 2020.
Health Savings Accounts | 2020 | 2019 |
Self-only coverage | ||
Self-only coverage annual minimum deductible | $1,400 | $1,350 |
Self-only coverage maximum out of pocket | $6,900 | $6,750 |
Self-only coverage maximum HSA contribution | $3,550 | $3,500 |
Family coverage | ||
Family coverage annual minimum deductible (Family coverage can include a spouse and any dependents) | $2,800 | $2,700 |
Family coverage maximum out of pocket | $13,800 | $13,500 |
Family coverage maximum HSA contribution | $7,100 | $7,000 |
Catch up | $1,000 | $1,000 |
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