How Much Can I Deposit into My HSA in 2019?

When it comes to your Health Savings Account (HSA), knowing the contribution limits is crucial for maximizing your savings and tax benefits. In 2019, the maximum amount you can deposit into your HSA depends on whether you have an individual or family plan.

For individuals, the maximum contribution limit for 2019 is $3,500. If you have a family plan, you can contribute up to $7,000 in 2019. Additionally, individuals who are 55 years or older can make an additional catch-up contribution of $1,000, regardless of their plan type.

It's important to note that these limits are set by the IRS and are subject to change each year. Understanding your HSA contribution limits can help you plan for healthcare expenses and take advantage of the tax benefits that come with an HSA.

Understanding the contribution limits for your Health Savings Account (HSA) is essential if you want to make the most of your healthcare savings. In 2019, these contribution limits varied depending on whether you chose an individual or family plan. Specifically, individuals could contribute up to $3,500, while those with family plans had a higher limit of $7,000.