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IRS Announces Inflation Adjustments to Health Savings Account Limits for 2020

May 28, 2019 - the Internal Revenue Service issued Rev. Prc. 2019-25. This ruling increased the Health Savings Account (HSA) annual contribution limit for self-only coverage to $3,550, an increase of $50 over the 2019 limit of $3,500, for calendar year 2020. The family contribution limit was also increased to $7,100, an increase of $100 from 2019.

In addition, the Section §223 minimum deductible requirement increased to $1,400 for self-only coverage for calendar year 2020, an increase of $50 from 2019, and $2,800 for family coverage, and increase of $100 from 2019.

The annual out-of-pocket expenses may not exceed $6,900 for self-only coverage or $13,800 for family coverage in 2020. Out-of-pocket expenses include deductibles, co-payments and other amounts, but exclude premiums.

Annual Limits 2018 2019 2020
§223 Minimum Deductible
Employee Only $1,350 $1,350 $1,400
Family $2,700 $2,700 $2,800
HSA Contribution Limit
Employee Only $3,450 $3,500 $3,550
Family $6,900 $7,000 $7,100

Please contact your business development partner at 800.532.3327 with questions regarding the increase.

About Flores

Flores is a leading national administrator of tax-advantaged reimbursement plans including Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), Health Reimbursement Accounts (HRAs) and Commuter Benefit Accounts (CBAs). In addition to these account-based benefit options, they also handle COBRA and other direct bill services to meet the compliance needs of the employers they serve. In 2018, Flores introduced life.balanced. Reimbursement Accounts (LBA), an affordable post-tax lifestyle reimbursement account for the culture-driven employer. Based in Charlotte, NC, Flores has emerged as the leader in the CDHP market through a service model founded upon innovative technology, dedicated professionals, and an uncompromising commitment to superior service. For more information, visit the Flores website and follow them on LinkedIn.

  • Cindy Bistany
  • Director of Business Development and Strategic Alliances
  • (828) 693-3595

  • Clay Peddycord, GBA, CFC
  • Director of Business Development and Strategic Alliances
  • (800) 532-3327

  • Aaron Hunt, MBA, CDHC, HSAe, Certified COBRA Administrator
  • Director of Business Development and Strategic Alliances
  • (800) 532-3327
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