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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