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.
