How Much Can I Deposit in My HSA for 2019?

Understanding how much you can deposit into your Health Savings Account (HSA) for 2019 is crucial for maximizing your healthcare savings. For individuals with an HSA, the contribution limits are set by the IRS each year, and for 2019, here's what you need to know:

• Individuals: $3,500
• Family: $7,000
• Additional Catch-up Contributions (age 55 and older): $1,000

It's essential to stay within these limits to enjoy the tax advantages of an HSA and efficiently save for your healthcare expenses. By contributing the maximum allowed amount, you can make the most of your HSA benefits while preparing for future medical costs. Remember that contributions can be made throughout the year, and any unspent funds roll over to the following years.

When planning your Health Savings Account (HSA) contributions for 2019, it’s important to be aware that the IRS allows a maximum contribution of $3,500 for individuals and $7,000 for families. Remember, if you’re 55 or older, you can make an additional $1,000 catch-up contribution!