How Much Can I Put Into My HSA Each Month for 2019?

When it comes to contributing to your Health Savings Account (HSA) in 2019, the monthly maximum contribution limits are based on whether you have an individual or family plan. For 2019, individuals can contribute up to $3,500 and families can contribute up to $7,000 annually to their HSA accounts. If you have a high-deductible health plan (HDHP), you may be eligible to contribute to an HSA.

However, if you are over the age of 55, you are allowed to make an additional catch-up contribution of $1,000 per year. This means that individuals aged 55 and older can contribute up to $4,500 per year, while families with at least one account holder aged 55 and older can contribute up to $8,000 per year.

It's important to note that the annual contribution limits apply to the entire year, not just each month. That means you can choose to contribute the maximum amount at any time throughout the year, whether it's in equal monthly installments or as a lump sum.

When considering your Health Savings Account (HSA) contributions for 2019, it’s crucial to understand the maximum limits, which vary depending on whether you hold an individual or family plan. For 2019, individual contributions are capped at $3,500, while families may contribute as much as $7,000 annually. To participate in an HSA, you must be enrolled in a high-deductible health plan (HDHP).