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By: Matt Ingold

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November 7th, 2019

Your 2020 FSA, HSA, QSEHRA, and HDHP Limits

Healthcare Compliance

Each year, the IRS sets new out of pocket maximums and contribution limits for a number of tax-related benefit plans based on cost-of-living adjustments (COLAs).

We'll get right to the point. The 2020 adjustments are official as of today and are as follows.


Type of Limit

2019

2020

HSA Contribution Limit

Self Only: $3,500

Family: $7,000

Self Only: $3,550

Family: $7,100

HSA Catch-Up Contribution Age 55 of Older: $1,000 Age 55 of Older: $1,000
HDHP Minimum Deductible

Self Only: $1,350

Family: $2,700

Self Only: $1,400

Family: $2,800

HDHP Maximum Our-of-Pocket Expense Limit (deductibles, copayments and other amounts, but not premiums)

Self Only: $6,750

Family: $13,500

Self Only: $6,900

Family: $13,800

FSA Contribution Limit $2,700 $2,750
Dependent Care Contribution Limit

Individual: $2,500

Joint Filing: $5,000

Individual: $2,500

Joint Filing: $5,000

Qualified Transportation Fringe Benefits $265 per month $270 per month
Qualified Small Employer HRAs

Self Only: $5,150

Family: $10,450

Self Only: $5,250

Family: $10,600

Click Here To Download Benetech's Full 2020 Enrollment and Compliance Checklist

 

About Matt Ingold

Matt serves as Benetech's Director of Business Development. He helps employers reduce the cost of personnel management, and discover where improved talent management can give their business a competitive advantage.

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