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Rev. Proc. 2019-25: HSA inflation-adjusted amounts for 2020

HSA inflation-adjusted amounts for 2020

Rev. Proc. 2019-25 (published in the Internal Revenue Bulletin 2019-22 (May 28, 2019)) provides the inflation adjusted amounts for health savings accounts (HSAs) for calendar year 2020.

1000

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Rev. Proc. 2019-25 in IRB 2019-22 [PDF 2.13 MB] provides the annual limitation on deductions under section 223(b)(2)(A) and (B) for, respectively:

  • An individual with self-only coverage under a high deductible plan—$3,550 (an increase from $3,500 for 2019) 
  • An individual with family coverage under a high deductible plan—$7,100 (an increase from $7,000 for 2019) 


For calendar year 2020, a “high deductible health plan” is defined under section 223(c)(2)(A) 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, and
  • For which the sum of the annual deductible plus annual out-of-pocket expenses—such as co-payments or other amounts, but not premiums—does not exceed $6,900 for self-only coverage (an increase from $6,750 for 2019) or $13,800 for family coverage (an increase from $13,500 for 2019).

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