Contribution limits for a health savings account (HSA) – both single coverage and family coverage has increased for 2020.
HSA limits for single coverage is $3,500 and for family is $7,100. If you are 55 or older you can add an additional $1,000 as a catch-up contribution. We encourage you to maximize your HSA accounts if you have medical expenses.
Please contact our office today if you need help!