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
|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 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|
|Limited Purpose FSA||$2,700||$2,650|
|Dependent Care FSA||$5,000 (no change)||$5,000 (no change)|
- Employers look to virtual services to curb rising health costs August 16, 2019
- HHS Issues Key Rule for 2020 June 13, 2019
- Fees Apply to Employers Sponsoring Certain Self-Insured Plans June 13, 2019