On May 28, 2019 the IRS issued the limits for 2020 on health savings accounts (HSAs) and the associated high deductible health plans (HDHPs) in Revenue Procedure 2019-25.
Health Savings Accounts
Minimum HDHP Deductible: $1,400/single $2,800/family
Maximum Contributions: $3,550/single $7,100/family
Out-of-Pocket Maximum: $6,900/single $13,800/family
It is important to note that all limitations have increased from 2019.
Reminder: The Affordable Care Act (ACA) out of pocket limits differ from the Internal Revenue Service (IRS) out-of-pocket limits for HSA qualified HDHPs.
Affordable Care Act – Out of Pocket Maximums
Out-of-Pocket Maximum 2019: $8,150/single $16,300/family
With the ACA limits, plans must apply the annual individual Out-of-Pocket (OOP) maximum for each individual in a family plan. Employers offering HSAs, however, must make sure they satisfy the lower OOP maximums and not these higher ACA limits.