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HSA/HDHP Limits to Increase for 2019

On May 10, 2018, the IRS announced inflation-adjusted limits for both health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2019. These recently-announced limits include the maximum HSA contribution limit, the minimum deductible amount for HDHPs and the maximum out-of-pocket expense for HDHPs. Note, however, that not all of these are changing in 2019.

Changes to the HSA limits take effect on January 1, 2019, while the new HDHP cost-sharing limits will apply for plan years beginning on or after January 1, 2019.

The HSA contribution limit for an individual will increase by $50, from $3,450 to $3,500, while the family limit will rise by $100, from $6,900 to $7,000. The limit for HSA catch-up contributions for those 55 and older is not adjusted for inflation and remains unchanged at $1,000.

HDHP minimum deductibles will remain unchanged, at $1,350 for individuals and $2,700 for families.

The HDHP maximum out-of-pocket expense limit, which encompasses deductibles, copayments and other amounts but not the premiums themselves, will also see an increase in 2019. Limits for individuals will increase by $100 from $6,650 to $6,750, while family limits will rise by $200, from $13,300 to $13,500.

Employers that sponsor HSA or HDHP plans should be aware of these new limits, as plan design changes may need to be made for plan years beginning in 2019. Also, any enrollment materials shared with employees should be updated to reflect the increased limits that take effect in 2019.

Questions about HSAs. HDHPs or other benefits? Contact Consolidated Insurance.