May 30, 2019
On May 28, 2019, the IRS released Revenue Procedure 2019-25 (available here) to announce the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2020. These limits include:
These limits vary based on whether an individual has self-only or family coverage under an HDHP. The following chart shows the HSA/HDHP limits for 2020 as compared to 2019. It also includes the catch-up contribution limit that applies to HSA-eligible individuals who are age 55 or older, which is not adjusted for inflation, and stays the same from year to year.
|Type of Limits||2019||2020||Change|
|HSA Contribution Limit||Self-only||$3,500||$3,550||Up $50|
|HSA Catch-up Contributions
(not subject to adjustment for inflation)
|Age 55 or older||$1,000||$1,000||No Change|
|HDHP Minimum Deductible||Self-only||$1,350||$1,400||Up $50|
|HDHP Maximum Out-of-Pocket||Self-only||$6,750||$6,900||Up $150|
For additional information, please contact your Burnham Benefits Consultant or Burnham Benefits at 949-833-2983 or firstname.lastname@example.org.
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