Note: 2019/2020 IRS Maximum Contribution and Out-of-Pocket Limits for Health Savings Accounts (HSAs) and High Deductible Health Plans (HDHPs) are as follows:
HSA Annual Maximum Contributions:
- Individual: $3,500 (2019) / $3,550 (2020)
- Family: $7,000 (2019) / $7,100 (2020)
- HSA Catch-Up Contributions (Age 55 or Older): An additional annual amount of $1,000 can be contributed to the HSA Annual Maximum Contributions.
HDHP Minimum Deductible Amounts:
- Individual: $1,350 (2019) / $1,400 (2020)
- Family: $2,700 (2019) / $2,800 (2020)
HDHP Maximum Out-of-Pocket Amounts (Deductibles, Co-payments, and other amounts, but not premiums):
- Individual: $6,750 (2019) / $6,900 (2020)
- Family: $13,500 (2019) / $13,800 (2020)