The IRS published Revenue Procedure 2019-25 last week, specifying the 2020 HSA contribution limits.
2020 HSA contribution limits
- If you have individual coverage under an HSA-qualified plan: $3,550 (up from $3,500 in 2019)
- If you have family coverage under an HSA-qualified plan: $7,100 (up from $7,000 in 2019)
Minimum deductible for HSA-qualified plans
- Individual coverage: $1,400 (up from $1,350 in 2019)
- Family coverage: $2,800 (up from $2,700 in 2019)
Maximum out-of-pocket for HSA-qualified plans
- Individual coverage: $6,900 (up from $6,750 in 2019)
- Family coverage: $13,800 (up from $13,500 in 2019)
And those over age 55 still get an extra $1,000 “catch-up contribution”.
