Is There a Maximum Contribution to HSA 2019?

Health Savings Accounts (HSAs) are a valuable tool for managing healthcare costs, but many people wonder about the maximum contributions allowed in 2019. The short answer is yes, there is a maximum contribution limit for HSAs in 2019.

For individual HSA account holders, in 2019, the maximum contribution is $3,500. For families with HSA accounts, the maximum contribution is $7,000. These limits are set by the IRS and are designed to help individuals and families save for qualified medical expenses while receiving tax benefits.

It's important to note that these contribution limits can change from year to year, so it's essential to stay updated on the current limits. Additionally, individuals over the age of 55 are allowed to make catch-up contributions of an extra $1,000 per year.

Wondering about the limits of your Health Savings Account (HSA) contributions for 2019? You’re not alone! Many people ask whether there’s a cap, and the answer is yes. For the year 2019, individual HSA account holders can contribute up to $3,500, while families can set aside as much as $7,000. These contributions can significantly aid in the savings for qualified medical expenses, and they also come with appealing tax advantages.