By Jerry Geisel, Crain News Service
CHICAGO (April 4, 2013) — The maximum contribution that can be made to health savings accounts (HSAs) in 2014 is expected to rise slightly, according to Mercer L.L.C. projections.
The firm projects 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 April 2 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. That's up from 11.4 million in 2011, according to a survey by Washington-based America's Health Insurance Plans.
________________________________________________-
This report appeared on the website of Business Insurance magazine, a Chicago-based sister publication of Tire Business.