What is the max amount you can put in a HSA for 2019?

When it comes to planning for healthcare expenses, a Health Savings Account (HSA) can be a valuable tool to consider. An HSA allows individuals to save money tax-free for qualified medical expenses. One common question that arises is: What is the max amount you can put in a HSA for 2019?

In 2019, the maximum contribution limits for an HSA are as follows:

• For individuals: $3,500
• For families: $7,000
• Additional catch-up contribution for those aged 55 and older: $1,000

It's important to note that these contribution limits are set by the IRS and may be subject to change each year. Understanding these limits can help individuals make informed decisions about maximizing the benefits of their HSA.

Wondering about your Health Savings Account (HSA) contributions for 2019? Understanding the limits is crucial to effectively harnessing this incredible financial tool. For the year 2019, the maximum you can contribute is $3,500 for individuals and $7,000 for families. Plus, if you're 55 or older, there's an extra catch-up contribution of $1,000 available to you!