Health Savings Account Contribution Limits to Increase for 2019

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The health savings account (HSA) contribution limits for 2019 are increasing. The IRS issued Revenue Procedure 2018-30 announcing the HSA inflation-adjusted limitations for calendar year 2019.

The maximum HSA contribution limit for those with self-only insurance coverage will rise to $3,500 for 2019, and for individuals with family coverage will rise to $7,000. The additional catch-up limit for individuals who turn age 55 or older in the calendar year is not subject to inflationary adjustments, so remains at $1,000.

A high deductible health plan (HDHP) is HSA-compatible if it satisfies both an annual deductible and an out-of-pocket expense requirement. The maximum annual out-of-pocket amount for self-only coverage will rise to $6,750 for 2019 and to $13,500 for family coverage. The minimum deductible amounts for qualifying HDHPs for 2019 will remain at the 2018 limits, which are $1,350 for self-only coverage and $2,700 for family coverage.

For comparison, here are the 2018 and 2019 HSA-related limitations.

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