2019 Health Savings Account Limits

IRS Announces 2019 Health Savings Account Limits

On May 10, 2018, the Internal Revenue Service (IRS) announced the 2019 Health Savings Account (HSA) Limits. Revenue Procedure 2018-30 provides the inflation adjusted amounts for the 2019 calendar year HSAs under Section 223 of the Internal Revenue Code.

2019 HSA Annual Contribution Limits
For the 2019 calendar year, the annual contribution limits are as follows:

  •  $3,500 for individuals with self-only coverage under a High Deductible Health Plan (HDHP)
  • $7,000 for individuals with family coverage under a High Deductible Health Plan (HDHP)

2019 HDHP Definition
The IRS defines a High Deductible Health Plan (HDHP) for the 2019 calendar year, as a health plan with an annual deductible that is not less than $1,350 for self-only coverage or $2,700 for family coverage, and the annual out-of-pocket expenses (deductibles, co-payments and other amounts, but not premiums) do not exceed $6,750 for self-only coverage or $13,500 for family coverage.

For questions, please contact the BeneFLEX Customer Service at info@beneflexhr.com.

The information provided in this document does not constitute legal, regulatory (including without limitation ERISA), insurance, tax or financial advice. The information provided herein is not intended to be a substitute for professional advice and is designed to provide general information only.  Please seek independent advice before making any decisions or determinations regarding the matters covered in this document.