Earlier this month, the Internal Revenue Service announced in Revenue Procedure 2018-30 the 2019 limits for contributions to health savings accounts and definitional limits for high deductible health plans. These inflation adjustments are provided for under Internal Revenue Code Section 223.
For the 2019 calendar year, a HDHP is a health plan with an annual deductible that is not less than $1,350 for self-only coverage and $2,700 for family coverage (i.e., the same as 2018). Annual out-of-pocket expenses for 2019 (deductibles, copayments and other amounts, excluding premiums) cannot exceed $6,750 for self-only coverage and $13,500 for family coverage. Read More.