Is an HSA 2019 Limit? - Understanding HSA Limits in 2019

Health Savings Accounts (HSAs) are a great way to save for medical expenses while enjoying tax benefits. For 2019, there are certain limits that apply to HSAs that people should be aware of.

One of the key limits for HSAs in 2019 is the contribution limit. The contribution limit for individuals with self-only coverage is $3,500, and for those with family coverage, it is $7,000. These limits are set by the IRS and are subject to change each year.

Additionally, there is a catch-up contribution limit for individuals aged 55 and older. For 2019, the catch-up contribution limit is an additional $1,000.

It's important to note that HSA funds roll over from year to year, so any unused funds will continue to grow tax-free, unlike Flexible Spending Accounts (FSAs) that have a

Health Savings Accounts (HSAs) are not just a savvy option to save for healthcare expenses, but they also provide fantastic tax advantages that can benefit you in the long run. In 2019, the contribution limits are particularly noteworthy, with individuals holding self-only coverage able to contribute up to $3,500 and families up to $7,000. These limits, updated yearly by the IRS, are crucial for effective financial planning.