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 health plan is an HSA-compatible high deductible health plan (HDHP) if it satisfies both an annual deductible and an out-of-pocket expense requirement. The maximum annual out-of-pocket amounts for HSA-compatible HDHPs 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 of $1,350 for self-only coverage and $2,700 for family coverage.
Here’s a comparison of the 2018 and 2019 HSA limitations.
|Contribution limit for self-only coverage||$3,450*||$3,500*|
|Contribution limit for family coverage||$6,900*||$7,000*|
|HDHP maximum out-of-pocket limit for self-only coverage||$6,650||$6,750|
|HDHP maximum out-of-pocket limit for family coverage||$13,300||$13,500|
|HDHP minimum deductible amount for self-only coverage||$1,350||$1,350|
|HDHP minimum deductible amount for family coverage||$2,700||$2,700|
|*Plus $1,000 maximum catch-up amount for individuals turning age 55 or older|