2020 Health and Welfare Benefit Plan Limits Released by IRS

Back to Legal Insights
Back to Legal Insights

The IRS issued Revenue Procedure 2019-44 today that provides the 2020 cost-of-living inflation adjustments for certain health and welfare benefit plans. Some of these amounts have been previously released by the IRS. Here are the highlights:

Health FSAs 2019 2020
Maximum Health FSA Salary Reductions $2,700 $2,750

 

Adoption Assistance 2019 2020
Maximum Exclusion for Employer-Provided Adoption Assistance $14,080 $14,300

 

HDHPs and HSAs 2019 2020
HDHP Minimum Annual Deductible
Individual $1,350 $1,400
Family $2,700 $2,800
HDHP Out-of-Pocket Maximum
Individual $6,750 $6,900
Family $13,500 $13,800
HSA Maximum Contribution Limit
Individual $3,500 $3,550
Family $7,000 $7,100
HSA Catch-up Contribution Limit for age 55 and older $1,000 $1,000

 

Archer MSAs 2019 2020
High Deductible Health Plan Deductible-Single
Minimum $2,350 $2,350
Maximum $3,500 $3,550
High Deductible Health Plan Deductible-Family
Minimum $4,650 $4,750
Maximum $7,000 $7,100
High Deductible Out-of-Pocket Maximum
Single $4,650 $4,750
Family $8,550 $8,650

Key Contributors

Bruce J. McNeil
Bethany A. Bacci
Howard D. Bye-Torre
Jeffrey M. Krueger
See all contributors See less contributors
×
Saved Pages

Use the arrows to arrange content.  Download pages as a .pdf file or share links via email..

{{ item.Title }} {{ item.AttorneyPosition }}, {{ item.AttorneyLocation }} , C. {{ item.AttorneyCell }} , P. {{ item.AttorneyPhone }} , F. {{ item.AttorneyFax }} {{ item.TypeText }} Remove
You have no pages saved
            {{ state | json }}