On May 28, 2019, the IRS announced Health Savings Account (HSA) contribution limits for 2020 will rise modestly, per Revenue Procedure 2019-25. The table below summarizes those adjustments and other applicable limits.
Claremont’s HSA partner Sterling Administration reports that the average annual contribution made to its accounts is $1,933. Just under half of the contributions to these accounts are made by employers.
For more information on HSA-qualified high-deductible health plan options for your groups, contact us at 800.696.4543 or firstname.lastname@example.org.