How Much Can I Put into a HSA for 2019?

If you are considering contributing to a Health Savings Account (HSA) for the year 2019, it's important to know the maximum amount you are allowed to put in. An HSA is a tax-advantaged account specifically for those with high-deductible health plans to save for medical expenses.

For the year 2019, the maximum contribution limit for an individual is $3,500 and for a family is $7,000. This amount includes both your contributions and any contributions made by your employer, if applicable.

Additionally, if you are 55 years or older, you are allowed to make an additional catch-up contribution of $1,000 on top of the regular limit.

If you're thinking about funding your Health Savings Account (HSA) for 2019, it's crucial to be aware of how much you can contribute. HSAs are fantastic tools for individuals with high-deductible health plans, allowing you to set aside money for medical costs while enjoying tax advantages.

In 2019, the contribution limits are set at $3,500 for individuals and $7,000 for families. This includes every dollar you put in, as well as any contributions from your employer, which can really help grow your savings.

Don't forget, if you're 55 or older, there's a bonus! You can contribute an extra $1,000, making it even easier to save for future healthcare expenses.