IRS Announces 2020 Limits for Health Savings Accounts and High-Deductible Health Plans

By Jacob Mattinson and Megan Mardy on May 30, 2019

Posted In Employee Benefits, Health and Welfare Plans

The Internal Revenue Service (IRS) recently announced cost-of-living adjustments to the applicable dollar limits for health savings accounts and high-deductible health plans for 2020. Nearly all of the dollar limits currently in effect for 2019 will change for 2020.

See a comparison of the applicable dollar limits for HSAs and HDHPs for 2019 and 2020.

Access the full article.

Tags: 2020, cost-of-living, HDHP, HDHPs, health savings accounts, high deductible health plans, HSA, HSAs, Internal Revenue Service, IRS, open enrollment, plan documents, plan sponsors, summary plan descriptions, United States

Jacob Mattinson
Jacob M. Mattinson focuses his practice on employee benefits and matters related to 401(k), 403(b), pension, executive compensation, health care reform, and cafeteria and welfare plans. Jacob assists clients in drafting employee benefit plan documents and amendments. He represents clients in matters before the Internal Revenue Service (IRS), US Department of Labor (DOL) and Pension Benefit Guaranty Corporation with respect to plain qualification issues. Read Jacob Mattinson's full bio.

Megan Mardy
Megan Mardy advises companies on a wide variety of health and welfare and retirement benefits issues. She has extensive experience with the Affordable Care Act, the Health Insurance Portability and Accountability Act (HIPAA), Consolidated Omnibus Budget Reconciliation Act (COBRA), the Internal Revenue Code and other federal laws affecting group health and retirement plans. Read Megan Mardy's full bio.

IRS Announces 2020 Limits for Health Savings Accounts and High-Deductible Health Plans

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