Health savings account (HSA) contribution limits for 2020 are going up $50 for self-only coverage and $100 for family coverage, the IRS announced May 28th.
The annual limit on HSA contributions will be $3,550 for self-only and $7,100 for family coverage (versus the current $3,500/7,000 in 2019).
In Revenue Procedure 2019-25, the IRS confirmed HSA contribution limits effective for calendar year 2020, along with minimum deductible and maximum out-of-pocket expenses for the HDHPs with which HSAs are paired. InTANDEM HR will post the new limits in our open enrollment materials for the 2020 year.