News & Press: Regulation

IRS Releases 2020 Limits for HSAs

Tuesday, May 28, 2019   (0 Comments)
Posted by: Martin Trussell
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On May 28, 2019, the IRS released  Revenue Procedure 2019-25  which provides the 2020 inflation-adjusted amounts for high deductible health plans (HPHPs) Health Savings Accounts.

The amounts for HSAs for 2020 as compared to 2019 are as follows:
 
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:
  • Annual out-of-pocket expenses do not exceed:


$1,350


$1,400


$6,750


$6,900
HDHP – family coverage
  • Annual deductible not less than:
  • Annual out-of-pocket expenses do not exceed:


$2,700


$2,800


$13,500


$13,800