On May 10, 2018, the Internal Revenue Service (IRS) via Revenue Procedure 2018-30, released inflation-adjusted contribution limitations for calendar year 2019, regarding Health Savings Accounts (HSAs) and high-deductible health plans (HDHPs).
These limits are indexed for inflation and released annually by June 1st for the following year, as established under the Tax Relief and Health Care Act of 2006.
2019 Annual HSA Contribution Limits:
- Self-only HDHP coverage: $3,500* (up $50 from 2018)
- Family HDHP coverage: $7,000* (up $100 from 2018)
*However, an individual who has reached the age of 55 by the end of the calendar year may contribute an additional $1,000 per year.
2019 Annual HDHP Minimum Deductibles:
- Self-only coverage: $1,350 (no change from 2018)
- Family coverage: $2,700 (no change from 2018)
2019 HDHP Out-of-Pocket Limits (includes deductibles, co-payments and other amounts, but not premiums):
- Self-only coverage: $6,750 (up $100 from 2018)
- Family coverage: $13,500 (up $200 from 2018)
For a copy of Revenue Procedure 2018-30 please click on the link provided below.
ADP Compliance Resources
ADP maintains a staff of dedicated professionals who carefully monitor federal and state legislative and regulatory measures affecting employment-related human resource, payroll, tax and benefits administration, and help ensure that ADP systems are updated as relevant laws evolve. For the latest on how federal and state tax law changes may impact your business, visit the ADP Eye on Washington Web page located at www.adp.com/regulatorynews.
ADP is committed to assisting businesses with increased compliance requirements resulting from rapidly evolving legislation. Our goal is to help minimize your administrative burden across the entire spectrum of employment-related payroll, tax, HR and benefits, so that you can focus on running your business. This information is provided as a courtesy to assist in your understanding of the impact of certain regulatory requirements and should not be construed as tax or legal advice. Such information is by nature subject to revision and may not be the most current information available. ADP encourages readers to consult with appropriate legal and/or tax advisors. Please be advised that calls to and from ADP may be monitored or recorded.
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Updated on May 14, 2018