If you are looking to save money for medical expenses while enjoying tax benefits, a Health Savings Account (HSA) might be the right choice for you. One crucial aspect of an HSA is the contribution limit, which determines how much you can deposit into your HSA annually.
For the year 2019, the HSA contribution limit is:
- $3,500 for individuals
- $7,000 for families
It's important to keep in mind that these limits may change annually, so staying informed about the current limits is essential.
A Health Savings Account (HSA) is a powerful tool for saving money on medical expenses, and understanding the contribution limits is crucial. In 2019, individuals can contribute up to $3,500, while families have a limit of $7,000, which makes planning for healthcare costs much easier.
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