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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 — opens in a new windowhttps://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.
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