30 May 2019

New HSA / HDHP Limits for 2020

The IRS has announced the inflation-adjusted limits for health savings accounts and high deductible health plans for 2020. The annual contribution limits, HDHP minimum deductibles, and HDHP maximum out-of-pocket limits will be increasing. Below is a summary:

If you have any questions regarding HSAs or high deductible health plans or the new limits, please contact the authors or any member of the Employee Benefits practice group.