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May 24, 2018
Last week the IRS released the 2019 health savings account (HSA) annual contribution limits, as well as the corresponding high deductible health plan (HDHP) minimum deductible and maximum out-of-pocket (OOP) requirements, in IRS Rev. Proc. 2018-30 — https://www.irs.gov/pub/irs-drop/rp-18-30.pdf. Below are the updated annual dollar amounts. For more information about requirements for HSA-eligibility, contributions and reimbursements, please contact your Parker, Smith & Feek Benefits Team.
*Catch-up contributions—HSA-eligible individuals who have reached age 55 by the end of the taxable year can make an extra annual $1,000 catch-up contribution.
The views and opinions expressed within are those of the author(s) and do not necessarily reflect the official policy or position of Parker, Smith & Feek. While every effort has been taken in compiling this information to ensure that its contents are totally accurate, neither the publisher nor the author can accept liability for any inaccuracies or changed circumstances of any information herein or for the consequences of any reliance placed upon it.