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Those with an HSA-eligible high-deductible health plan will see some slightly increased contribution limits in 2020.
The IRS adjusts contribution limits for HSAs yearly based on inflation. For 2020, those limits will be:
- $3,550 for individual coverage under an HDHP (a $50 increase from 2019)
- $7,100 for family coverage (a $100 increase from 2019)
While the amount employees can contribute to an HSA is increasing, the deductible requirement for a plan to qualify for an HSA is also increasing. For 2020, deductibles for an individual range must fall between $1,400 (a $50 increase) and $6,900 (a $150 increase).
For families, the range is $2,800 to $13,800–increasing $100 and $300, respectively.
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Emily Payne
Emily Payne is director, content analytics for ALM's Business & Finance Markets and former managing editor for BenefitsPRO. A Wisconsin native, she has spent the past decade writing and editing for various athletic and fitness publications. She holds an English degree and Business certificate from the University of Wisconsin.
