Health savings account contribution limit to rise in 2014: Mercer
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The maximum contribution that can be made to health savings accounts in 2014 is expected to rise slightly, according to Mercer L.L.C. projections.
Mercer projects that the maximum contribution that can be made to an HSA in 2014 will be $3,300 for employees with single coverage, up from $3,250 this year.
The maximum HSA contribution for those with family coverage is projected to be $6,550, up from $6,450 this year, Mercer said Tuesday in a report.
Increases in the HSA limits are tied to changes in the cost of living.
The Internal Revenue Service is expected to publish the official HSA contribution limits next month.
As of Jan. 1, 2012, 13.5 million people were covered by health insurance plans linked to HSAs, up from 11.4 million in 2011, according to a survey by Washington-based America's Health Insurance Plans.
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