Health Savings Account

IRS Announces 2019 Adjustments for Qualified HDHPs and HSA Contributions

On May 10, the IRS announced 2019 Health Savings Account contribution limit increases within their release of Revenue Procedure 2018-30.

HSA 2018 2019
Individual contribution limit $3,450 $3,500
Family contribution limit $6,900* $7,000

 

In 2019, the HSA contribution limit for an individual will increase by $50 to $3,500 and for a family by $100 to $7,000. As a reminder, the 2018 family contribution limit recently increased to $6,900 with the update released by the IRS* on April 26, 2018.

In addition, the 2019 High Deductible Health Plan deductible amounts and out-of-pocket expense limits were also announced. To be eligible to contribute to an HSA in 2019, one must be enrolled in a high deductible health plan that meets the following requirements:

HDHP (individual) 2018 2019
Minimum annual deductible $1,350 $1,350
Maximum annual out-of-pocket $6,650 $6,750

 

HDHP (family) 2018 2019
Minimum annual deductible $2,700 $2,700
Maximum annual out-of-pocket $13,300 $13,500