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IRS Update

July 9, 2018

UPDATED LIMITS FOR 2019 HIGH DEDUCTIBLE PLANS & HSAS

On May 10, the IRS announced 2019 Health Savings Account contribution limit increases within their release of Revenue Procedure 2018-30

In 2019, the HSA contribution limit for an individual will increase by $50 to $3,500 and for a family by $100 to $7,000.  As a reminder, the 2018 family contribution limit recently increased to $6,900 with the update released by the IRS* on April 26, 2018.

In addition, the 2019 High Deductible Health Plan deductible amounts and out-of-pocket expense limits were also announced. To be eligible to contribute to an HSA in 2019, the participant must be enrolled in a high deductible health plan that meets the following requirements:

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