2020 | 2019 | |
HSA Annual Contribution Limit |
$3,550 $7,100 |
$3,500 – Single $7,000 – Family |
HDHP Minimum Annual Deductible |
$1,400 $2,800 |
$1,350 – Single $2,700 – Family |
HDHP Out-of-Pocket Maximum |
$6,900 $13,800 |
$6,750 – Single $13,300 – Family |
Age 55+ Catch-Up Provision |
$1,000 $2,000 |
$1,000- Single $2,000 – Husband/Wife |
Age 55 Catch Up Contribution-As in 401k and IRA contributions, you are allowed to contribute extra if you are above a certain age. If you are age 55 or older by the end of year, you can contribute additional $1,000 to your HSA. If you are married, and both of you are age 55, each of you can contribute additional $1,000
December 10, 2019 2:52 pm