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IRS Guidelines, Contribution Limits, & Eligible Expenses
The IRS sets limits each year for maximum contributions to each type of account-based benefit.
Health Savings Account (HSA) – IRS Limits
2019 IRS Limits |
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| Maximum Contribution Limit | $3,500 | $7,000 |
| Minimum Deductible | $1,350 | $2,700 |
| Maximum Out-of-Pocket |
$6,750 | $13,500 |
| Catch-up Contribution (55+) | $1,000 | $1,000 |
2020 IRS Limits |
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|---|---|---|
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| Maximum Contribution Limit | $3,550 | $7,100 |
| Minimum Deductible | $1,400 | $2,800 |
| Maximum Out-of-Pocket |
$6,900 | $13,800 |
| Catch-up Contribution (55+) | $1,000 | $1,000 |
2021 IRS Limits: Maximum contribution is $3,600 for single plan and $7,200 for family plan.
Flexible Spending Account (FSA) - IRS Limits
2019 Maximum Contribution:
$2,7002020 Maximum Contribution:
$2,750
Dependent Care Flexible Spending Account (DCFSA) - IRS Limits
2019 Maximum Contribution:
$2,5002020 Maximum Contribution:
$2,500If filing taxes jointly, Maximum Contribution: $5,000
Commuter Benefits
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IRS Limits
2019 Parking & Transit:
$265per month / per each benefit
2020 Parking & Transit:
$270per month / per each benefit
IRS-Qualified Medical Expenses
You can pay for a wide range of IRS-qualified medical expenses with your HSA, including many that aren't typically covered by health insurance plans. This includes deductibles, co-insurance, prescriptions, dental and vision care, and more. For a complete list of IRS-qualified medical expenses visit irs.gov or view a list of qualifying examples.