New HSA 2020 limits are as follows:

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

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