What is the 2019 HSA Contribution Limit?

As you plan your finances for the year, it's important to stay informed about the latest HSA contribution limits. In 2019, the HSA contribution limit for individuals is $3,500 and for families, it is $7,000. These limits are set by the IRS and are subject to annual adjustments. If you are age 55 or older, you can make an additional catch-up contribution of $1,000 per year.

Contributions to your HSA are tax-deductible, grow tax-free, and can be withdrawn tax-free for qualified medical expenses. It's a tax-advantaged way to save for healthcare costs both now and in the future. Keep in mind that contribution deadlines for the tax year typically coincide with the tax filing deadline.

The 2019 HSA contribution limits were set at $3,500 for individuals and $7,000 for families, making it an essential year to maximize your Health Savings Account (HSA) benefits.