How Much Can You Put in HSA in 2019?

When it comes to Health Savings Accounts (HSAs), it's essential to understand how much you can contribute. In 2019, individuals with self-only coverage can contribute up to $3,500, while those with family coverage can contribute up to $7,000. But that's not all - there are additional catch-up contributions for those ages 55 and older. For 2019, individuals in this age group can contribute an extra $1,000.

Contributions to your HSA are tax-deductible, grow tax-free, and can be withdrawn tax-free as long as they are used for qualified medical expenses. This triple tax advantage makes HSAs a powerful tool for managing healthcare costs.

When it comes to Health Savings Accounts (HSAs), knowing the contribution limits is crucial for maximizing your savings. For the year 2019, if you have self-only coverage, you can contribute up to $3,500 to your HSA, while those with family coverage can contribute as much as $7,000. Don't forget, if you're 55 or older, you can add a catch-up contribution of an additional $1,000 to help boost your savings.