2020 HSA Maximum Contribution

For calendar year 2020, the maximum HSA contribution is $3,550 for a person enrolled as single and $7,100 for a person enrolled as family.

**Catch-up contributions of $1,000 can be made during the year by HSA-eligible participants who will turn 55 by year-end.

What is an High Deductible Health Plan (HDHP)?

For calendar year 2020, a “high deductible health plan” is defined as a health plan with an annual deductible that is not less than $1,400 for self-only coverage or $2,800 for family coverage.

The maximum annual out-of-pocket expenses for 2020 plans (deductibles, co-payments, and co-insurance, but not premiums) do not exceed $6,900 for self-only coverage or $13,800 for family coverage.