Volume 41 | Issue 37
The IRS has released the health savings account and high-deductible health plan limits for 2019. The 2019 HSA annual contribution limits and the HDHP out-of-pocket amounts for self-only and family coverage all increased over the 2018 limits.
In Revenue Procedure 2018-30, the IRS issued calendar year 2019 inflation-adjusted contribution limits for health savings accounts (HSAs) along with minimum deductible and maximum out-of-pocket (OOP) limits for high-deductible health plans (HDHPs). The limits are determined under Code section 223’s cost-of-living adjustment and rounding rules.
The following table sets out the limits for 2019 as compared to 2018, and includes the catch-up contribution limit, which is prescribed by statute and not indexed for inflation.
|HSA Statutory Contribution Amount|
|Self-only||$ 3,500||$ 3,450||$ +50|
|Catch-up Contribution (age 55 or older)||$ 1,000||$ 1,000||No change|
|HDHP Minimum Deductible Amount|
|Self-only||$ 1,350||$ 1,350||No change|
|HDHP Maximum Out-of-Pocket Amount|
|Self-only||$ 6,750||$ 6,650||$ +100|
* See our April 30, 2018 For Your Information on the reinstatement of the $6,900 maximum.