IRS Raises HSA, HDHP Dollar Limits for 2019
The annual contribution limits for health savings accounts (HSAs) are going up in 2019, the Internal Revenue Service (IRS) announced May 10. The maximum out-of-pocket limits for an HSA-eligible high-deductible health plan (HDHP) also will be increased for inflation, according to Revenue Procedure 2018-30.
For self-only plans, the contribution limit (employer + employee) for calendar year 2019 is $3,500; this represents a $50 increase over the 2018 limit. For family plans, the 2019 limit is $7,000, a $100 increase from 2018.
For 2019, annual out-of-pocket expenses (deductibles, copayments, and other amounts not including premiums) for an HDHP cannot exceed $6,750 for self-only coverage or $13,500 for family coverage (compared to $6,650 and $13,300, respectively, for 2018). However, the minimum deductible for an HDHP will remain $1,350 for self-only coverage or $2,700 for family coverage.
Note that the 2019 out-of-pocket limits are different for Affordable Care Act compliance, at $7,900 for self-only plans and $15,800 for family plans, as indicated in the U.S. Department of Health and Human Services’ “Notice of Benefit and Payment Parameters” rule (83 Fed. Reg. 16930, April 17, 2018).