What is the max for HSA 2019?

Health Savings Account (HSA) is a great way to save for medical expenses while enjoying tax benefits. For 2019, the maximum contribution limit for HSA is crucial information for those utilizing this saving option.

The maximum contribution limit for HSA in 2019 is:

• $3,500 for an individual
• $7,000 for a family
• Additional catch-up contribution of $1,000 for individuals aged 55 and older

It's essential to know the limits to maximize the benefits of your HSA account and plan your medical expenses accordingly.

Health Savings Account (HSA) is a fantastic financial tool that allows you to save for medical expenses while enjoying substantial tax benefits. In 2019, understanding the maximum contribution limits is vital for those taking advantage of this savings option. The limits are:

• $3,500 for individuals
• $7,000 for families
• And for individuals aged 55 and older, there’s an additional catch-up contribution of $1,000.

Being aware of these limits not only helps you optimize your savings but also aids in planning your medical expenses smartly.