The 2019 Health Savings Account (HSA) Contribution Limits have been announced and plan participants will see a slight increase in the amount they can contribute.  The single contribution maximum will increase by $50 to $3,500 and the family maximum will increase by $100 to $7,000.

The annual catch-up contribution for workers over age 55 will remain at $1,000.

In order to contribute to an HSA, participants must be enrolled in a qualifying high deductible health plan (HDHP).  The IRS also announced the minimum deductibles and maximum out-of-pocket limits to be considered a qualifying HDHP.  In 2019, medical plans with a deductible of at least $1,350 for single coverage and $2,700 for family coverage will  be considered qualified HDHP plans.  These are unchanged from 2018

The out-of-pocket expense maximum for a qualified HDHP in 2019 will increase $100 for individuals to $6,750 and $200 for families to $13,500.  Please see chart below.

2019 2018
Single Family Single Family
HSA Contribution Limit $3,500 $7,000 $3,450 $6,900
HDHP Minimum Deductible $1,350 $2,700 $1,350 $2,700
HDHP Maximum OOP Expense Limit $6,750 $13,500 $6,650 $13,300

For additional information on HSAs and high deductible plans, contact VCG at vantage@vcgconsultants.com