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    2019 HSA contributions released by IRS

    Authored by Bukaty Companies on May 18, 2018

    The IRS has announced the 2019 HSA maximum contribution limits detailed in the newly released Revenue Procedure 2018-30. HSA contribution and plan limits will increase to $3,500 for self-only coverage and $7,000 for family coverage. Changes to these limits will take effect January 2019.

    HSAs are tax-exempt accounts that help people save money for eligible medical expenses. To qualify for an HSA, the policyholder must be enrolled in an HSA-qualified, high-deductible health plan, must not be covered by other non-HDHP health insurance or Medicare, and cannot be claimed as a dependent on a tax return.

    Health Savings Account (HSA) Limits  2018  2019
     Self-only contribution (employee + employer)  $3,450   $3,500
     Family contribution (employee + employer)  $6,900   $7,000
     HSA catch-up contribution (55 or older)  $1,000   $1,000
     Self-only HDHP minimum deductible  $1,350   $1,350
     Family HDHP minimum deductible  $2,700   $2,700
     Self-only HDHP maximum out-of-pocket  $6,650  $6,750
     Family HDHP maximum out-of-pocket  $13,300  $13,500

    For questions, contact your Bukaty benefits consultant at 913.345.0440.

    Blog Category: HSA