What is the max HSA contribution for 2019 family?

If you are considering opening a Health Savings Account (HSA) for your family in 2019, you might be wondering what the maximum contribution limit is. An HSA is a tax-advantaged account that allows individuals and families to save for qualified medical expenses. Knowing the contribution limits can help you maximize your savings and take full advantage of the benefits offered by an HSA.

For the year 2019, the maximum HSA contribution for a family is $7,000. This applies to families who have HSA-eligible high deductible health plans (HDHPs) and are looking to contribute the maximum amount allowed by the IRS.

It's important to note that this limit is for families, which means it includes the account holder, their spouse, and any dependents. If you have self-only coverage under an HDHP, the maximum contribution limit for 2019 is $3,500.

Contributing to an HSA can offer tax advantages, such as tax-deductible contributions, tax-free growth on your savings, and tax-free withdrawals for qualified medical expenses. By understanding the contribution limits, you can make informed decisions about your healthcare savings strategy.

Curious about HSA contributions for families in 2019? The maximum limit is $7,000, an excellent opportunity to save on healthcare costs while enjoying tax benefits.