On May 10, the IRS announced 2019 Health Savings Account contribution limit increases within their release of Revenue Procedure 2018-30.
|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:
|Minimum annual deductible||$1,350||$1,350|
|Maximum annual out-of-pocket||$6,6500||$6,7500|
|Minimum annual deductible||$2,700||$2,700|
|Maximum annual out-of-pocket||$13,300||$13,500|
Visit our Cafeteria Plan limits/threshold page HERE for more information.