2019 Health Savings Account Limits
The IRS has released Revenue Procedure 2018-30 notifying Health Savings Account (HSA) owners of the funding and deductible limits effective January 1, 2019.
Annual HSA Contribution Limits:
- Single: $3,500 ($50 increase from 2018)
- Family: $7,000 ($100 increase from 2018)
Annual Minimum Required Deductibles:
- Single: $1,350
- Family: $2,700
- Single: $6,750 ($100 increase from 2018)
- Family: $13,500 ($200 increase from 2018)
HSA Catch-up Contribution Reminder:
If you are 55 years old or older and enrolled in a high deductible health plan an additional $1000 can be added to these total amounts. This is considered a “Catch-up” contribution.
For more information on Health Savings Account eligibility and utilization please contact your KBM Management Account Executive today.