HSA Limits 2020
2020 annual contribution limits, minimum deductibles, and out-of-pocket maximums for health savings accounts (HSAs) are shown below.
You can contribute to an HSA if you are covered under a high deductible health plan (HDHP) and meet certain other requirements.
2019/2020 Annual HSA Contribution Limitation
The maximum HSA contributions for 2019 and 2020 are:
| 2019 | 2020 | |
| HSA contribution limit (employer + employee) |
(Plus catch-up of $1000 if over 55) |
(Plus catch-up of $1000 if over 55) |
2019/2020 High Deductible Health Plan
For calendar years 2019 and 2020, a high deductible health plan (HDHP) is defined as a health plan with:
| 2019 | 2020 | |
| HDHP minimum deductible |
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|
| HDHP maximum out-of-pocket (deductibles, co-payments and other amounts, but not premiums) |
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Is an HSA Compatible Plan Right For Me?
An HSA compatible plan may be right for you if you are generally in good health, and if you are in a higher income tax bracket. But since each situation is different, please check with us!
