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Your resource to keep you informed of important dates and plan changes.

Nov 23, 2021

New 2022 Maximum Limit Updates

The Internal Revenue Service (IRS) has announced 2022 Flexible Spending Account (FSA) contribution limits which increase the amount participants may contribute to a Health Care Flexible Spending Account (HCFSA) or a Limited Expense Health Care FSA (LEX HCFSA). For the 2022 benefit period, you can contribute up to a maximum of $2,850 - an increase of $100 from the 2021 benefit period. You may also carry over unused funds up to a maximum of $570 - an increase of $20 from the 2021 benefit period.

The minimum annual election for each FSA remains unchanged at $100. In addition, the Dependent Care FSA maximum annual contribution limit did not change, and it remains at $5,000 per household or $2,500 if married, filing separately.

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