2019 COLAs for HSA-Qualifying HDHPs
The IRS has released the 2019 cost-of-living amounts (COLAs) for HSA-qualifying high-deductible health plans. Deductible amounts have not changed for 2019, but the out-of-pocket amounts (include deductibles, co-payments, and coinsurance, but not premiums) have increased:
|
Benefit |
2018 |
2019 |
|
Minimum Annual Deductible for Single Coverage |
$1,350 |
$1,350 |
|
Minimum Annual Deductible for Family Coverage |
$2,700 |
$2,700 |
|
Maximum Out-of-Pocket Amount for Single Coverage |
$6,650 |
$6,750 |
|
Maximum Out-of-Pocket Amount for Family Coverage |
$13,300 |
$13,500 |
The contribution limits have also increase for 2019:
|
Contributor |
2018 |
2019 |
|
Individual/Self Only |
$3,450 |
$3,500 |
|
Family |
$6,900 |
$7,000 |
The $1,000 catch-up contribution available to accountholders aged 55 and older is not tied to a COLA and remains at $1,000.
These 2019 COLAs are effective the first day of the first plan year on or after January 1, 2019. If you have questions about the COLAs for 2019, call ASR Health Benefits at (616) 957-1751 or (800) 968-2449.