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 |