The 2020 annual limit on HSA contributions will be $3,550 for self-only and $7,100 for family coverage. The self-only contribution limit will rise by $50, while the family contribution will rise by $100. That’s about a 1.5 percent increase from 2019 contribution limits.
For calendar year 2020, a “high deductible health plan” is defined under § 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 the annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) do not exceed $6,900 for self-only coverage or $13,800 for family coverage.
Both increases are inflation adjusted amounts for calendar year 2020.