The IRS has announced the inflation-adjusted amounts for contributions, plan deductibles, and out-of-pocket expenses for health savings accounts (HSAs) for 2019.
Rev. Proc. 2018-30
sets the 2019 limit on HSA contributions at $3,500 for an individual with self-only coverage and $7,000 for an individual with family coverage. In order to qualify for an HSA, an individual’s coverage in a group health plan must be under a high deductible health plan (HDHP). The guidance provides that in 2019, HDHPs must have an annual deductible that is not less than $1,350 for self-only coverage or $2,700 for family coverage, and annual out-of-pocket expenses cannot exceed $6,750 for self-only coverage or $13,500 for family coverage.
Contact Jeffrey Martin
Partner, Washington National Tax Office
+1 202 521 1526
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