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