What is the 2019 max HSA contribution?

If you're looking to save for healthcare expenses while also enjoying tax advantages, a Health Savings Account (HSA) is a great option. In 2019, the maximum HSA contribution for individuals and families slightly increased over the previous year. Understanding the contribution limits is crucial for maximizing the benefits of an HSA.

The 2019 maximum HSA contribution limits are:

• Individuals: $3,500
• Families: $7,000

Contributions to an HSA are tax-deductible, grow tax-free, and can be withdrawn tax-free for qualified medical expenses. By contributing the maximum allowed amount, you can take full advantage of these benefits.

It's important to note that individuals aged 55 and older can make an additional catch-up contribution of $1,000, making their potential total contribution for 2019 $4,500 for individuals and $8,000 for families.

Are you considering a Health Savings Account (HSA) for your healthcare savings? In 2019, the limits on how much you could contribute to your HSA saw a slight increase, allowing you to save even more for medical expenses while enjoying tax benefits.