Infinisource NewsRoom

Back

The IRS Announces 2019 Contribution Limits, Minimums, and Maximums

Thursday May 17th 2018

On May 10, 2018, the IRS released the 2019 limits for high-deductible health plans and health savings accounts. These limits reflect adjustments made for cost of living changes.

Health Savings Accounts: The 2019 contribution limit for health savings accounts is $3,500 for individuals, marking a $50 increase in the limit for 2018. For families, the 2019 contribution limit is $7,000, which is $100 higher than the restored 2018 limit.

High-Deductible Health Plans: The 2019 minimum annual deductible for a qualifying high-deductible health plan is $1,350 for self-only coverage and $2,700 for family coverage. These minimums did not change from 2018.

For self-only high-deductible health plan coverage, the limit for out-of-pocket expenses for 2019 is $6,750 for self-only coverage and $13,500 for family coverage. These limits are $100 and $200 higher than the 2018 limits, respectively. Out-of-pocket expenses include coinsurance, copayments, and deductibles, but do not include premiums.

Print Friendly, PDF & Email

This article was tagged with: , , ,

View All Newsroom Articles

This article has been read 1091 times.

COPYRIGHT NOTICE: All graphics, photographs, articles and other text appearing in the Newsroom and other official Infinisource web pages and communications are protected by copyright. Any unauthorized use is strictly prohibited, unless you obtain Infinisource’s express written permission. To obtain permission, please contact Infinisource at marketing@infinisource.com