HSA and FSA Limits

2020 HSA Contribution Limits

An important part of consumer directed healthcare (CDH), HSAs offer participants enrolled in a qualified high deductible health plan (HDHP) to save on taxes while setting aside money for out-of-pocket healthcare expenses for themselves and their families. HSA owners can make tax-free contributions to their accounts. In 2020, the updated HSA contribution limits are:
  • $3,550 for individuals, a $50 increase from 2019
  • $7,100 for families, a $100 increase from 2019
2020 2019
Self-only Coverage HSA Contribution Limit $3,550 $3,500
Out-of-pocket expense limits $6,900 $6,750
Annual deductible (minimum) $1,400  $1,350
Family Coverage HSA Contribution Limit $7,100 $7,000
Out-of-pocket expense limits $13,800 $13,500
Annual deductible (minimum) $2,800 $2,700

Health FSA

Health FSAs may be used for a wide range of out-of-pocket healthcare expenses, including co-pays, deductibles, most dental and vision services, prescriptions, and more. Learn more about eligible FSA expenses. Limited Purpose FSAs are coupled with Health Savings Account and may be used for vision and dental expenses only. Dependent Care FSA, or Dependent Care Assistance Plans, will stay at the $5,000 annual limit. The FSA contribution limit will go up by $50 from $2,700 in 2019 to $2,750 in 2020.
2020 Annual Limit 2019 Annual Limit
Health FSA $2,750 $2,700
Limited Purpose FSA $2,700 $2,650
Dependent Care FSA $5,000 (no change) $5,000 (no change)

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