2019 HSA Limits and Cost Sharing Limits Released

IRS Releases 2019 HSA and HDHP Limits

HSA Contribution Limits Announced for 2019

The Internal Revenue Service (IRS) has announced the 2019 inflation-adjusted amounts for Health Savings Accounts (HSAs) as determined under the Internal Revenue Code.

 

2019 HSA Contribution Limits
For calendar year 2019, the annual limitation on HSA deductions for an individual with self-only coverage under a high deductible health plan is $3,500, up from $3,450 for 2018. The annual limitation on HSA deductions for an individual with family coverage under a high deductible health plan is $7,000, up from $6,900 for 2018.

 

2019 High Deductible Health Plan Amounts
For calendar year 2019, a “high deductible health plan” is defined as a health plan with an annual deductible that is not less than $1,350 for self-only coverage or $2,700 for family coverage, and annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) that do not exceed $6,750 for self-only coverage or $13,500 for family coverage.

Click here to read the IRS announcement.

 

2019 Cost-Sharing Limits for Most Group Health Plans Released

A new rule from the U.S. Department of Health and Human Services (HHS) addresses, among other things, the requirement under the Affordable Care Act that non-grandfathered group health plans limit annual out-of-pocket cost-sharing for coverage of essential health benefits under the plan. Under the rule, these out-of-pocket expenses may not exceed $7,900 for self-only coverage or $15,800 for family coverage in 2019.