On May 10, 2018, the IRS released Revenue Procedure 2018-30. What does this mean for you?
If you are covered by a qualified High Deductible Health Plan (HDHP) and are eligible to make HSA contributions,
In 2019, the contribution limits are:
- Single - $3,500
- Family - $7,000
Catch-up contributions remain unchanged for those age 55 and older - $1,000.
Out-of-Pocket Maximums are also rising in 2019:
- Single - $6,750
- Family - $13,500
The minimum deductible on an HDHP remains unchanged for 2019:
- Single -$1,350
- Family - $2,700
If you have any questions, please don’t hesitate to reach out to your Tycor insurance representative.