The HSA program has changed once again for 2019. There are two major changes:
The Maximum HSA Contribution has increased for 2019
First, we are allowed to contribute more money to our savings account. Because this is a tax-free savings, we can assume every $1.00 we put in is equal to $1.25.
Maximum HSA Contribution – Self = $3,500 / Family = $7,000
HSA Increases
The Maximum Annual Out of Pocket Expenses has Increased
Second, the maximum annual out-of-pocket expenses has also increased. This means that if we have an unhealthy year while enrolled in an HSA plan, the absolute maximum amount you’ll have to pay out of your own pocket has increased by a few hundred dollars.
Maximum Annual Out-of-pocket – Self = $6,750 / Family = $13,500
Keaton Marks is the owner and CEO at HealthyMarks including the medicare team. Keaton was born and raised in Encinitas. He often rode his bike through town and to the local beaches like Moonlight. Keaton knows it is important to have a local resource, someone who understands the area, the hospitals and networks of doctors. Keaton is proud to be a local Medicare broker who is able to assist the people in his town when selecting medicare plans.
Keaton believes one thing above all else: “Medicare is confusing… but it doesn’t have to be! That is where HealthyMarks Medicare comes in” Please contact me with any questions.