What is the HSA Max Contribution for 2019?

Health Savings Accounts (HSAs) are a great way to save for medical expenses while enjoying tax benefits. In 2019, the maximum contribution limit for an HSA depends on whether you have self-only or family coverage. Let's break down the HSA maximum contribution limits for 2019:

- For self-only coverage, the maximum contribution is $3,500.

- For family coverage, the maximum contribution is $7,000.

It's essential to note that these contribution limits can change each year, so it's crucial to stay updated with the latest information. Contributing the maximum amount to your HSA can help you save on taxes and ensure that you have enough funds for medical expenses when needed.

Health Savings Accounts (HSAs) are an excellent tool for individuals looking to set aside money for qualified medical expenses while reaping significant tax advantages. In 2019, if you were covered by a self-only high-deductible health plan, you could contribute up to $3,500 to your HSA. Conversely, families with coverage could contribute as much as $7,000, fostering a smart way to manage healthcare costs.