The IRS has announced 2019 HSA contribution limits as part of the release of Revenue Procedure 2018-30. The limits are:
|Self-only HSA contribution limit||$3,450||$3,500|
|Family HSA contribution limit||$6,900||$7,000|
In 2019, the HSA contribution limit will increase to $3,500 for single (an increase of $50) and $7,000 for family (an increase of $100). As a reminder, the 2018 family HSA contribution limit also recently increased to $6,900 with the update released by the IRS on April 26, 2018.
2019 High-Deductible Health Plan (HDHP) deductible amounts and out-of-pocket expense limits were also announced:
|HDHP (self-only coverage)||2018||2019|
|Annual deductible not less than:||$1,350||$1,350|
|Annual out-of-pocket expenses don’t exceed:||$6,650||$6,750|
|HDHP (family coverage)||2018||2019|
|Annual deductible not less than:||$2,700||$2,700|
|Annual out-of-pocket expenses don’t exceed:||$13,300||$13,500|
For your employees to be eligible to participate in a Health Savings Account, they must be enrolled in an HDHP.
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