The IRS has announced the 2019 maximum contribution levels for health savings accounts (HSAs) and out-of-pocket spending limits and deductible minimums for High Deductible Health Plans (HDHPs) that must be used in conjunction with HSAs. The annual cost-of-living adjustments are released by June 1 for the following year [Rev. Proc. 2018-30, 5-10-18].
2019 Annual Contribution Levels for HSAs
The maximum annual HSA contribution for an eligible individual with self-only coverage is $3,500 ($3,450 in 2018).
For family coverage, the maximum annual HSA contribution is $7,000 ($6,900 in 2018).
NOTE: Public Law 115-97, known as the Tax Cuts and Jobs Act, changed the way these limits are calculated. This caused the IRS to reduce the 2018 limit from $6,900 to $6,850. Because of the administrative burden this change caused, the IRS issued guidance allowing taxpayers to use the originally announced $6,900 contribution limit for 2018.
The catch-up contribution for an individual age 55 or older is $1,000 (no longer adjusted for inflation).
2019 Amounts for Out-of-pocket Spending on HSA-compatible HDHPs
The maximum annual out-of-pocket amount for HDHP self-only coverage is $6,750 ($6,650 in 2018), and the maximum annual out-of-pocket amount for HDHP family coverage is twice that, $13,500 ($13,300 in 2018).
2019 Minimum Deductible Amounts for HSA-compatible HDHPs
The minimum deductible for HDHPs is $1,350 (same as 2018) for self-only coverage and $2,700 (same as 2018) for family coverage.
