How Much Can I Put in My 2019 HSA?

One common question that many individuals have when it comes to their Health Savings Account (HSA) is how much they can contribute for the year. For 2019, the contribution limits for an HSA are set by the IRS and depend on whether you have individual or family coverage.

For individuals with self-only coverage, the maximum contribution limit for 2019 is $3,500. This means that you can contribute up to $3,500 to your HSA for the year if you have self-only coverage.

On the other hand, if you have family coverage, the maximum contribution limit for 2019 is $7,000. This allows individuals with family coverage to contribute up to $7,000 to their HSA for the year.

It's important to note that these contribution limits are subject to change each year, so it's essential to stay informed about any updates from the IRS regarding HSA contributions.

If you've been wondering how much you can contribute to your Health Savings Account (HSA) in 2019, you're not alone! Understanding the contribution limits is crucial for maximizing your savings.

For those with self-only health plans, you can put away up to $3,500 into your HSA for the year. This contribution can be a fantastic way to save for future medical expenses while taking advantage of tax benefits.