The annual contribution limits for health savings accounts (HSAs) are going up in 2019, the Internal Revenue Service (IRS) announced May 10. The maximum out-of-pocket limits for an HSA-eligible high-deductible health plan (HDHP) also will be increased for inflation, according to Revenue Procedure 2018-30.
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For self-only plans, the contribution limit (employer + employee) for calendar year 2019 is $3,500; this represents a $50 increase over the 2018 limit. For family plans, the 2019 limit is $7,000, a $100 increase from 2018.
For 2019, annual out-of-pocket expenses (deductibles, copayments, and other amounts not including premiums) for an HDHP cannot exceed $6,750 for self-only coverage or $13,500 for family coverage (compared to $6,650 and $13,300, respectively, for 2018). However, the minimum deductible for an HDHP will remain $1,350 for self-only coverage or $2,700 for family coverage.
Note that the 2019 out-of-pocket limits are different for Affordable Care Act compliance, at $7,900 for self-only plans and $15,800 for family plans, as indicated in the U.S. Department of Health and Human Services’ “Notice of Benefit and Payment Parameters” rule (83 Fed. Reg. 16930, April 17, 2018).