What is the Maximum Contribution to an HSA for 2019?

Health Savings Accounts (HSAs) are a great way to save money for medical expenses while enjoying tax advantages. One common question people have is: What is the maximum contribution to an HSA for 2019?

For 2019, the maximum HSA contribution limits are:

• Individual: $3,500
• Family: $7,000

These limits include both your contributions and any contributions made by your employer. If you are 55 or older, you can contribute an additional $1,000 as a catch-up contribution.

Contributions to an HSA are tax-deductible, grow tax-free, and can be withdrawn tax-free for qualified medical expenses. It's a triple tax advantage that can help you save for healthcare costs now and in the future.

Health Savings Accounts (HSAs) provide an excellent opportunity to save for medical expenses with significant tax benefits. In 2019, the maximum contribution limits set by the IRS were crucial for individuals who aim to maximize their health savings.

For that year, individuals could contribute up to $3,500, while families had a higher limit of $7,000. Remember, this total includes any contributions made by your employer. Additionally, if you were 55 or older, you were eligible for a catch-up contribution of $1,000, giving you an even greater advantage to bolster your savings for healthcare needs.