How Much Can I Put Into an HSA for 2019?

Are you looking to maximize your health savings for 2019? One way to do that is by contributing to a Health Savings Account (HSA). But how much can you actually put into an HSA for the year?

For 2019, the maximum contribution limits for an HSA are:

• $3,500 for individuals
• $7,000 for families
• For those 55 and older, an additional $1,000 catch-up contribution is allowed

Contributions to an HSA are tax-deductible, grow tax-free, and can be withdrawn tax-free when used for qualified medical expenses. This triple tax advantage makes HSAs a powerful financial tool for healthcare expenses.

It's important to note that these contribution limits are set by the IRS and can change from year to year. To get the most out of your HSA, be sure to stay informed about any updates or changes to contribution limits.

Maximizing your health savings in 2019 is not just about the amount you contribute to your Health Savings Account (HSA), but knowing how to take full advantage of your contributions. For singles, the limit stands at $3,500, while families can put away up to $7,000. If you're aged 55 or older, you can contribute an additional $1,000. Keep in mind, these contributions are tax-deductible, providing a significant financial boost for your healthcare needs.