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IRS Releases 2020 Limits for HSAs

05/28/2019 Written by: Patrick Haynes

On May 28, 2019, the IRS released Revenue Procedure 2019-25 It provides the 2020 inflation-adjusted amounts for HSA-qualified high deductible health plans (HDHPs).The inflation-adjusted increases for 2020 are:

  • HSA-Qualified HDHP Self Coverage: Annual deductible must be $1,400 or more in 2020 (up $50 from 2019), and annual out-of-pocket expenses cannot exceed $6,900 (up $150 from 2019).
  • HSA Contribution Limit for Self Coverage: Increases to $3,550 in 2020, up $50 from 2019.
  • HSA-Qualified HDHP Family Coverage: Annual deductible must be $2,800 or more in 2020, up $100 from 2019, and annual out-of-pocket expenses cannot exceed $13,800 (up $300 from 2019).
  • HSA Contribution Limit for Family Coverage: Increases to $7,100 in 2020, up $100 from 2019.
  • No change to the Age-55+ HSA catch-up limit. That value remains at $1,000 per year.

Please contact your Sales Executive or Account Manager for additional details about how this may affect your 2020 HDHP-HSA offerings.   And, don’t forget to review our 2020 non-HDHP plan limits here.

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