Health & Welfare Plans Newsletter
BULLETINMay 28, 2019
Text of IRS Rev. Proc. 2019-25: 2020 Inflation-Adjusted Amounts for Health Savings Accounts (HSAs)
"For calendar year 2020, the annual limitation on deductions under Section 223(b)(2)(A)
for an individual with self-only coverage under a high deductible health plan is $3,550 ... [and] for an individual with family coverage under a high deductible health plan is $7,100.... For calendar year 2020, a 'high deductible health plan' is defined under Section 223(c)(2)(A)
as a health plan with an annual deductible that is not less than $1,400 for self-only coverage or $2,800 for family coverage, and the annual out-of-pocket expenses ... do not exceed $6,900 for self-only coverage or $13,800 for family coverage."
Internal Revenue Service [IRS]
BenefitsLink.com, Inc.
1298 Minnesota Avenue, Suite HWinter Park, Florida 32789
(407) 644-4146
Lois Baker, J.D., President
David Rhett Baker, J.D., Editor and Publisher
Holly Horton, Business Manager
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