What is the Maximum Contribution for HSA in 2019?

Health Savings Accounts (HSAs) are a valuable tool for managing healthcare expenses and saving for the future. If you're considering opening an HSA or already have one, you may be wondering, 'What is the maximum contribution for HSA in 2019?'

In 2019, the maximum contribution for an individual with self-only coverage is $3,500, while the maximum contribution for an individual with family coverage is $7,000.

Contributions to an HSA can be made by you, your employer, or both, but the total contributions cannot exceed these limits. It's important to note that these limits are set by the IRS and may change annually, so it's essential to stay informed about any updates.

Health Savings Accounts (HSAs) have gained popularity due to their unique tax advantages and flexibility. If you're curious about how much you can contribute, it’s good to know that in 2019, individuals with self-only coverage could put away a maximum of $3,500, while families could contribute up to $7,000.