The IRS has released Internal Revenue Bulletin 2019-25 indicating changes to the 2020 HSA contribution limit maximums. The individual contribution maximum is being adjusted upwards by $50 to $3,550 and the family contribution maximum is going up by $100 to $7,100. These changes will not impact any contributions made through the duration of 2019.
Please make any necessary adjustments to your 2020 contribution strategy in order to accommodate these changes.
If you have any questions regarding how this will impact your team and your benefit plan offerings, please feel free to contact us at anytime.
