How Much Can You Contribute to HSA in 2019?

Health Savings Accounts (HSAs) are a fantastic way to save and pay for medical expenses tax-free. One of the most common questions people have about HSAs is, 'How much can I contribute to my HSA in 2019?' It's essential to know the contribution limits to maximize the benefits of your HSA.

In 2019, for individuals, the maximum annual contribution limit to an HSA is $3,500. For families, the limit is $7,000. But what if you're over a certain age?

If you're 55 or older by the end of the year, you can make an additional catch-up contribution of $1,000. This means individuals aged 55+ can contribute up to $4,500, and families can contribute up to $8,000 in 2019.

It's important to stay within these limits to avoid penalties, and making the most of these contribution limits can help you save more money tax-free for your healthcare expenses. Remember, the money in an HSA rolls over year after year, so any unused funds continue to grow.

Health Savings Accounts (HSAs) provide an exceptional opportunity to save and pay for medical expenses while enjoying tax benefits. In 2019, the contribution limits are set at $3,500 for individual accounts and $7,000 for family plans. This allows users to significantly bolster their savings.