Consociate Health > News > 2020 HSA/HDHP Limits Announced

2020 HSA/HDHP Limits Announced

July 19, 2019

The IRS recently announced that limits for health savings account (HSA) contributions will increase for 2019. The high deductible health plan (HDHP) maximum out-of-pocket limits will also increase for 2020. The HSA contribution limits will increase effective Jan. 1, 2020, while the HDHP limits will increase effective for plan years beginning on or after Jan. 1, 2020.

These limits vary based on whether an individual has self-only or family coverage under an HDHP.

Because the cost-sharing limits for HDHPs will change for 2020, employers that sponsor these plans may need to make plan design changes for plan years beginning in 2020.

Also, if an employer communicates the HSA contribution limits to employees as part of the enrollment process, these enrollment materials should be updated to reflect the increased limits that apply for 2020.

New Limits
The following chart shows the HSA and 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.

2020 HSA Contribution Limit
• Family – $7,100 (up $100)
• Self-only – $3,550 (up $50)

2020 HSA Catch-up Contributions
• Age 55+ – $1,000 (no change)

2020 HDHP Minimum Deductible
• Family – $2,800 (up $100)
• Self-only – $1,400 (up $50)

2020 HDHP Maximum Out-of-pocket Expense Limit
(Deductibles, copayments and other amounts, but not premiums)
• Family – $13,800 (up $300)
• Self-only – $6,900 (up $150)

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