Wagner Law Group is a nationally recognized practice in the areas of
ERISA and employee benefits, estate planning, employment, labor and
human resources and investment management.
in 1996, The Wagner Law Group is dedicated to the highest standards
of integrity, excellence and thought leadership and is considered to
be amongst the nation's premier ERISA and employee benefits law
firms. The firm has seven offices across the country, providing
unparalleled legal advice to its clients, including large, small and
nonprofit corporations as well as individuals and government entities
worldwide. The Wagner Law Group's 34 attorneys, senior benefits
consultant and five paralegals combine many years of experience
in their fields of practice with a variety of backgrounds. Seven
of the attorneys are AV-rated by Martindale-Hubbell
and six are Fellows of the American
College of Employee Benefits Counsel, an invitation-only
organization of nationally recognized employee benefits
lawyers. Seven of the firm's attorneys have been
named to the prestigious Super
Lawyers list for 2017, which highlights outstanding
lawyers based on a rigorous selection process.
Wagner Law Group
Connecticut Avenue, N.W.
Fax: (561) 293-3591
7108 Fairway Drive
Palm Beach Gardens, FL 33418
East Kennedy Boulevard
Tampa, FL 33602
Francisco, CA 94104
25 W. Moody Avenue
St. Louis, MO 63119
IRS Announces 2019 HSA
has announced the 2019 calendar year dollar limits for health savings
account ("HSA") contributions, and the minimum deductible
amounts and maximum out-of-pocket expenses for high deductible health
plans ("HDHPs"). By law, these limits are indexed annually
to adjust for inflation.
Background. HSA contributions may only be made by or for
individuals who enroll in HDHPs, among other requirements. Internal
Revenue Code Section 223(c)(2)(A) provides the definition, annual
deductible minimum and out-of-pocket maximum for HDHPs.
NOTE: The HDHP out-of-pocket maximum includes
in-network deductibles, copayments and coinsurance, but does not
include premiums or balance-billing for out-of-network services.
Procedure 2018-30. For 2019, the
HSA contribution limit for a self-only HSA is $3,500 (a $50 increase
from calendar year 2018) and $7,000 for a family HSA (a $100 increase
from calendar year 2018).
qualify as an HDHP in 2019, a plan must have a minimum annual
deductible of at least $1,350 for self-only coverage (no change), and
$2,700 for family coverage (no change). The maximum out-of-pocket
expenses permitted for an HDHP is $6,750 for self-only coverage (a
$100 increase) and $13,500 for family coverage (a $200 increase).
for Employers. Employers are
advised to begin updating payroll and plan administration systems to
reflect the 2019 cost-of-living adjustments. In addition, employers
should incorporate the 2019 HSA limits into all relevant participant
communications, such as open enrollment and communication materials,
plan documents and summary plan descriptions.
Reinstates Family Deduction Limit for HSA Contributions in 2018
has announced, in Revenue Procedure 2018-27, relief for taxpayers
with family coverage under a High Deductible Health Plan
("HDHP") who contribute to a Health Savings Account
("HSA"). Specifically, for 2018, taxpayers with family
coverage under a HDHP may treat $6,900 as the maximum deductible HSA
this year, the IRS announced that inflation adjustments made under
the Tax Cuts and Jobs Act would reduce the previously announced
annual HSA limit for family coverage to $6,850 (a $50 reduction). To
avoid confusion, the IRS has now restored the $6,900 deduction limit
Proc. 2018-27 is available at: https://www.irs.gov/pub/irs-drop/rp-18-27.pdf