IRS announces 2019 health savings account (HSA) contribution limits

2019 HSA limits

The IRS has announced the 2019 HSA maximum contribution limits detailed in the newly released Revenue Procedure 2018-30. HSA contribution and plan limits will increase to $3,500 for individual coverage and $7,000 for family coverage. Changes to these limits will take effect January 2019.

HSAs are tax-exempt accounts that help people save money for eligible medical expenses. To qualify for an HSA, the policyholder must be enrolled in an HSA-qualified high-deductible health plan, must not be covered by other non-HDHP health insurance or Medicare, and cannot be claimed as a dependent on a tax return.

 

 HSA & HDHP IRS LIMITS

 2018

 2019

 HSA Contribution Limit

 

 

      - Individual

 $3,450

 $3,500

      - Family

 $6,900

 $7,000

 HDHP Minimum Deductible

 

 

      - Individual

 $1,350

 $1,350

      - Family

 $2,700

 $2,700

 HDHP Maximum
 Out-of-Pocket Amount

 

 

      - Individual

 $6,650

 $6,750

      - Family

 $13,300

 $13,500

 

Questions? Contact us at 855.890.7239 or send an email to customerservice@nuesynergy.com.