How High Must the Deductible Be to Be HSA Qualified 2019?

If you're considering opening a Health Savings Account (HSA), one of the key criteria to keep in mind is the deductible amount that qualifies for an HSA. In 2019, to be eligible for an HSA, your health plan must have a minimum deductible amount set by the IRS.

So, how high must the deductible be to be HSA qualified in 2019? The minimum deductible for HSA-qualified health plans in 2019 is $1,350 for self-only coverage and $2,700 for family coverage. This means that your health insurance plan must have a deductible equal to or higher than these amounts to be considered HSA-qualified.

Having a high deductible on your health plan is a key requirement for opening an HSA. Here are some key points to consider regarding deductible limits for HSA eligibility in 2019:

• HSA-qualified health plan must have a minimum deductible of $1,350 for self-only coverage.
• For family coverage, the minimum deductible for HSA-qualified plans is $2,700.
• High deductible health plans are designed to work in conjunction with HSAs to provide individuals with a way to save for medical expenses.
• Contributions to an HSA are tax-deductible, and funds can be used tax-free for qualified medical expenses.

When exploring the world of Health Savings Accounts (HSAs), understanding the deductible requirements is vital. In 2019, for your health plan to be HSA-qualified, it needs to have minimum deductibles of $1,350 if you are only covering yourself and $2,700 if you’re covering your family.