How Much to Put in HSA 2019?

When it comes to your Health Savings Account (HSA), one common question is how much to contribute. In 2019, individuals can contribute up to $3,500 to their HSA, while families can contribute up to $7,000. These limits are set by the IRS and are subject to change each year based on inflation.

It's important to carefully consider how much to put in your HSA, as it can have significant tax benefits and help you save for medical expenses in the future. Here are some factors to keep in mind:

• Assess your expected medical expenses for the year.
• Consider your current health status and any potential medical needs.
• Evaluate your budget and ability to contribute to your HSA.

Remember that HSA funds roll over year after year, so any unused funds will continue to grow tax-free. You can also invest your HSA funds once you reach a certain balance, allowing for further growth over time. Be sure to take advantage of employer contributions if available, as they can help boost your HSA savings.

When it comes to your Health Savings Account (HSA), a common query many have is just how much to contribute. For the year 2019, the IRS allows contributions of up to $3,500 for individuals and $7,000 for families. It's critical to remember that these limits can fluctuate annually, typically in accordance with inflation, so stay updated on future adjustments.