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IRS Announces HSA Limits for 2019

BY: APA Staff | 05/18/18

The IRS has announced the 2019 maximum contribution levels for health savings accounts (HSAs) and out-of-pocket spending limits and deductible minimums for High Deductible Health Plans (HDHPs) that must be used in conjunction with HSAs. The annual cost-of-living adjustments are released by June 1 for the following year [Rev. Proc. 2018-30, 5-10-18].

2019 Annual Contribution Levels for HSAs

The maximum annual HSA contribution for an eligible individual with self-only coverage is $3,500 ($3,450 in 2018).
For family coverage, the maximum annual HSA contribution is $7,000 ($6,900 in 2018).

NOTE: Public Law 115-97, known as the Tax Cuts and Jobs Act, changed the way these limits are calculated. This caused the IRS to reduce the 2018 limit from $6,900 to $6,850. Because of the administrative burden this change caused, the IRS issued guidance allowing taxpayers to use the originally announced $6,900 contribution limit for 2018.

The catch-up contribution for an individual age 55 or older is $1,000 (no longer adjusted for inflation).

2019 Amounts for Out-of-pocket Spending on HSA-compatible HDHPs

The maximum annual out-of-pocket amount for HDHP self-only coverage is $6,750 ($6,650 in 2018), and the maximum annual out-of-pocket amount for HDHP family coverage is twice that, $13,500 ($13,300 in 2018).

2019 Minimum Deductible Amounts for HSA-compatible HDHPs           

The minimum deductible for HDHPs is $1,350 (same as 2018) for self-only coverage and $2,700 (same as 2018) for family coverage.