GroupGroupBuck_BondGroup

IRS Announces 2019 HSA/HDHP Limits

by , and Tags:

Volume 41 | Issue 37

Download this FYI as a printable PDF

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.

Background

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.

  2019 2018 Change
 HSA Statutory Contribution Amount
     Self-only  $             3,500  $            3,450  $           +50
     Family                 7,000                6,900*              +100
 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
     Family                 2,700                2,700  No change
 HDHP Maximum Out-of-Pocket Amount
     Self-only  $             6,750  $            6,650  $          +100
     Family               13,500              13,300              +200

* See our April 30, 2018 For Your Information on the reinstatement of the $6,900 maximum.

 

Related insights

FFCRA leave mandate ends as tax credits continue

The Families First Coronavirus Response Act required covered employers to provide COVID-related sick and...

Read more

Brexit – an eleventh-hour trade deal

Volume 2021 | Issue 01 Download this FYI as a printable PDF The UK and...

Read more

Appropriations Act provides needed health and dependent care FSA relief

Due to the ongoing pandemic, some employees have unused funds remaining in their health...

Read more