On May 11, 2018, the Internal Revenue Service released updates to the deductible and out-of-pocket maximum requirements applicable to calendar year 2019 for a plan to qualify as a high-deductible health plan (HDHP). As participants in qualified HDHPs are permitted to make contributions to Health Savings Accounts (HSA), updates to HSA limits have also been released. The 2019 limits are summarized below:
Annual HSA Contribution Limits
Individual with self-only coverage is $3,500
Individual with family coverage is $7,000
Annual Deductibles for HDHPs
Self-only coverage $1,350 or more
Family coverage $2,700 or more
Annual Out-of-Pocket Expense Limits for HDHPs
Self-only coverage may not exceed $6,750
Family Coverage may not exceed $13,500