2019 HSA Limits Set to Rise

Health Savings Account Limits Set to Rise in 2019

The Internal Revenue Service (IRS) just released the Health Savings Account (HSA) limits to take effect on January 1, 2019.

The changes are outlined in the table below compared to the 2018 HSA limits.

2019 v. 2018 HSA Contribution and Out-of-Pocket Limits for Health Savings Accounts and High Deductible Health Plans
HSA limit
(employer & employee contribution combined)
Individual: $3,450
Family: $6,900
Individual: $3,500
Family: $7,000
High Deductible Health Plan minimum deductiblesIndividual: $1,350
Family: $2,700
Individual: $1,350
Family: $2,700
High Deductible Health Plan
max out-of-pocket
Individual: $6,650
Family: $13,300
Individual: $6,750
Family: $13,500

Here is a link to the IRS ruling.

In addition to the deductible amount, your plan must meet other criteria in order for participants to take advantage of an HSA. For example, the HSA must be paired with a High Deductible Health Plan and the deductible must apply to all covered health services except preventative services.

Also, the out-of-pocket maximum cannot be higher than the IRS designated amount. You should always consult your HR or Benefits departments with any questions on 2019 HSA limits or other high deductible health plan details.

Don’t have an internal HR solution?

Tandem HR provides HR solutions to hundreds of small and mid-sized businesses that assist with their everyday HR needs. We help clients save time and money, so they can more effectively grow their business. By taking on the administrative tasks of human resources, benefits, payroll, tax administration, regulatory compliance and risk management, business executives can concentrate on revenue-generating tasks.

For more information visit TandemHR.com or call 630.928.0510.