How Much Can I Put in HSA in 2019?

If you are considering setting up a Health Savings Account (HSA) for 2019, you may be wondering about the contribution limits. In 2019, individuals with self-only coverage can contribute up to $3,500, while those with family coverage can contribute up to $7,000.

With an HSA, contributions are tax-deductible, grow tax-free, and withdrawals for qualified medical expenses are also tax-free. This makes HSAs a powerful tool for managing healthcare costs.

It's important to note that these contribution limits are subject to change each year, so it's a good idea to stay informed about any updates.

Thinking about starting a Health Savings Account (HSA) this year? For 2019, individuals with self-only coverage can contribute up to $3,500, while families can contribute as much as $7,000. These contribution limits allow you to save significant money for your medical expenses.