How Much Can I Contribute to an HSA in 2019?

If you are considering opening or currently have a Health Savings Account (HSA), you may be wondering how much you can contribute to it in 2019. An HSA is a tax-advantaged savings account that is used in conjunction with a high-deductible health plan to help you pay for eligible medical expenses. Knowing the contribution limits is important to maximize the benefits of your HSA.

In 2019, the maximum contribution limits for an HSA are:

• $3,500 for individuals
• $7,000 for families

These contribution limits include both your own contributions and any contributions made by your employer. If you are 55 or older, you can also make an additional $1,000 catch-up contribution to your HSA.

It's important to note that these limits are set by the IRS and are subject to change each year. To fully take advantage of the tax benefits and savings that an HSA offers, it's a good idea to contribute the maximum amount allowed.

If you're looking to open a Health Savings Account (HSA) or already have one, you're probably curious about how much you can contribute in 2019. An HSA works alongside a high-deductible health plan to provide a tax-advantaged way to save for medical expenses. In 2019, the contribution limits are $3,500 for individuals and $7,000 for families, allowing you to build a financial cushion for healthcare costs. Additionally, those 55 and older can make a catch-up contribution of an extra $1,000, further enhancing your savings.