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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