Effective January 1, 2020, the contribution limits for Health Savings Accounts (HSA) are increasing as outlined in the table below:
| Health Savings Account Contribution Limits | ||
| HSA contribution limit | 2020 | 2019 |
| Individual | $3,550 | $3,500 |
| Family | $7,100 | $7,000 |
| HSA catch-up contributions
(age 55 or older)* |
$1,000 | $1,000 |
| *Catch-up contributions can be made during the year by HSA-eligible participants who will turn 55 by the end of the year | ||
Take advantage of this pre-tax benefit and save for future medical expenses or your retirement. You may change your contribution to your health savings account at any time during the year by contacting Betty Hesseling.
Am I able to use the Family limit even if I just participate in Family dental and my spouse has his own health policy through MC district? I am finding that he is using up all my HSA with his dental implants’ bills.