2019 High Deductible Health Plan Limits
Do you own a business and want to offer a Health Savings Account to employees? Here are a few things to know.
In 2019, a high deductible health plan must have an annual deductible of at least $1,350 for self-only coverage or $2,700 for family coverage. Annual out-of-pocket expenses may not exceed $6,750 for self-only coverage or $13,500 for family coverage in 2019, up from $6,650 and $13,300 respectively this year. In 2019, you can contribute up to $7,000 to an HSA with family coverage and $3,500 with self-only coverage. In 2018, these limits were $6,900 and $3,450 respectively.
HSAs must be coupled with high deductible health plans, which may cost employers less than more generous plans. As the plan sponsor, you choose whether or not the business also contributes to the HSA. Talk to your advisor to learn more.
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