How Much Are You Allowed to Put in Your HSA for 2019?

Are you wondering how much you can contribute to your Health Savings Account (HSA) for the year 2019?

For individuals, the maximum allowable contribution for 2019 is $3,500.

If you have a family HSA plan, you can contribute up to $7,000 for the year 2019.

For those aged 55 and older, an additional catch-up contribution of $1,000 is allowed, making the total contribution limit $4,500 for individuals and $8,000 for families.

It's essential to be aware of these limits to maximize the benefits of your HSA tax advantages.

Are you curious about the contribution limits for your Health Savings Account (HSA) in 2019? Good news! For individuals, the maximum you can contribute is $3,500, while families can save up to $7,000!

If you're aged 55 or older, you have the added benefit of being able to make a catch-up contribution of $1,000, resulting in a total of $4,500 for individuals and $8,000 for families.

Understanding these limits is key to taking full advantage of the tax benefits associated with HSAs.