Annual contribution limits on health savings accounts are preventing investors from accumulating enough money in them to help them gain traction, according to a report from the Employee Benefit Research Institute. For an individual, the annual contribution is currently $2,900, and for families, it’s $5,800.

According to EBRI, a 55-year-old couple would need $325,000 to $654,000 by the time they reach age 65 to have enough money to cover even half of the health premiums and out-of-pocket healthcare needs they will encounter during retirement. To cover 90% of such costs, they would need $511,000 to just over $1 million, according to EBRI.

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