The IRS has released the 2020 inflation adjustments affecting Health Savings Accounts and High Deductible Health Plans. The 2020 IRS HSA limits are as follows:

ITEM 2019 2020
Annual Contribution Limit – Individual $3,500 $3,550
Annual Contribution Limit – Family $7,000 $7,100
Annual Catch-Up Contribution Limit (Age 55 to 65) $1,000 $1,000
Minimum Deductible for HDHP – Individual $1,350 $1,400
Minimum Deductible for HDHP – Family $2,700 $2,800
Maximum Out-Of-Pocket for HDHP – Individual $6,750 $6,900
Maximum Out-Of-Pocket for HDHP – Family $13,500 $13,800

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