The Florida Estate Planning and Probate Law Blog is focused on recent federal and state case law and planning ideas.

2019 HEALTH SAVINGS ACCOUNT LIMITS

On May 10, 2018, the IRS released Revenue Procedure 2018-30 which sets forth the dollar limitations for health savings accounts (HSAs) in 2019. HSAs are subject to annual aggregate contribution limits and participants age fifty-five (55) or older can contribute additional catch-up contributions. In 2019, the maximum contribution amount will increase to $3,500 for an individual and $7,000 for a family. The catch-up contribution limit remains at $1,000.