What is the max contribution to an HSA for 2019?

When it comes to Health Savings Accounts (HSAs), many people wonder about the maximum contribution limits allowed for a given year. In 2019, the maximum contribution to an HSA for individuals with self-only coverage is $3,500, while for those with family coverage, the maximum contribution is $7,000.

HSAs are a tax-advantaged way to save for medical expenses, offering both short-term benefits for out-of-pocket costs and long-term investment potential. Knowing the contribution limits can help individuals plan their healthcare expenses and savings more effectively.

Understanding the maximum contributions to Health Savings Accounts (HSAs) is crucial for effective healthcare planning. In 2019, if you had self-only coverage, the limit was set at $3,500, and for family coverage, it was $7,000. These amounts can significantly influence how much you save for medical expenses throughout the year.