Inflation-Adjusted HSA for 2019

Tighe, Kress & Orr.

Posted By: Tighe, Kress & Orr.

The IRS issues inflation-adjusted Health Savings Account (HSA) figures for 2019. For calendar year 2019, the annual contribution limit for an HSA for an individual with self-only coverage under a high deductible health plan (HDHP) will be $3,500 (up from $3,450 for 2018). For family coverage, the contribution limit will be $7,000 (up from $6,900 for 2018). To qualify as an HDHP, a health plan’s annual deductible must not be less than $1,350 (same as for 2018) for self-only coverage or $2,700 (same as for 2018) for family coverage. (Revenue Procedure 2018-30)

All content provided on the TKO Insights website is for informational purposes only. Any tax advice contained in this communication (including attachments or links) is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of (i) avoiding tax penalties or (ii) promoting, marketing or recommending to another party the matter or transaction addressed herein. We recommend you consult your tax, audit, accounting or business valuation advisor related to any content on this site.