2020 HSA Limits Announced

The IRS announced the HSA limits for 2020. The new single maximum contribution limit is increasing to $3,550 and the family maximum is increasing to $7,100.

The released amounts for 2020 HSA contributions, maximum out of pocket limits, and minimum deductible limits for High Deductible Health Plans (HDHPs) are listed below.  Please reach out to your Business Benefit team for any questions.

2020
HSA Contribution Limits:
       Single - $3,550         Family - $7,100

Catch-up contributions if age 55 or older is an additional $1,000 dollars 

Deductible Minimum:           Single - $1,400         Family - $2,800

Maximum Out-of-Pocket:     Single - $6,900         Family - $13,800