The IRS Released HSA Contribution Limits for 2020

On 5/24/19 the IRS released Revenue Procedure 2019-25 which provides the 2020 inflation adjusted amounts for health savings accounts (HSAs). The chart below shows the updated maximums:

  2019
Rev. Proc. 2018-30 		2020
Rev. Proc. 2019-25
Annual limitation on deductions to an HSA – self-only coverage $3,500 $3,550
Annual limitation on deductions to an HSA – family coverage $7,000 $7,100
HDHP – self-only coverage
  • Annual deductible not less than:
$1,350 $1,400
HDHP – self-only coverage
  • Annual out-of-pocket expenses do not exceed:
$6,750 $6,900
HDHP – family coverage
  • Annual deductible not less than:
$2,700 $2,800
HDHP – family coverage
  • Annual out-of-pocket expenses do not exceed:
$13,500 $13,800
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