New IRS Limits for Health Savings and High Deductible Plans

The IRS recently released the 2019 cost-of-living adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs).

HSA Contribution Limits: For calendar year 2019, the annual limitation on deductions for an individual with self-only coverage under a high deductible health plan is $3,500. For calendar year 2019, the annual limitation on deductions for an individual with family coverage under a high deductible health plan is $7,000. This is a $50 and $100 increase, respectively.

HDHP Out-of-Pocket Maximum: For calendar year 2019, the annual out-of-pocket expenses (i.e., deductibles, co-payments, and other amounts, but not premiums) will not exceed $6,750 for self-only coverage or $13,500 for family coverage

HDHP Minimum Deductibles: For calendar year 2019, the minimum annual deductible will not change and will be $1,350 for self-only HDHP coverage and $2,700 for family HDHP coverage.