Health Fsa Limits 2024. Employers should communicate their 2024 limit to employees as part of the open enrollment process. The irs has increased the flexible spending account (fsa) contribution limits for the health care flexible spending account (hcfsa) and the limited expense health care fsa (lex hcfsa).
Keep reading for the updated limits in each category. For 2024, the fsa annual salary reduction limits are set at $3,200, up almost 5% from $3,050 in 2023.
As Health Plan Sponsors Navigate The Open Enrollment Season, It’s Important That Employees Are Made Aware Of The Adjusted Limits As They Update Their Enrollment Information For 2024.
Excepted benefit hra = $2,100/yr.
The Irs Announced Higher Hsa Contribution Limits For 2025 Earlier This Month.
But if you do have an fsa in 2024, here are the maximum amounts you can contribute for 2024 (tax returns normally filed in 2025).
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In 2023, The Fsa Contribution Limit Was $3,050.
Published on july 18, 2023.
The Annual Limit On Employee Contributions To A Health Fsa Will Be $3,200 For Plan Years Beginning In 2024 (Up From $3,050 In 2023).
For 2024, participants may contribute up to an annual maximum of $3,200 for a hcfsa or lex hcfsa.
In , The Irs Announced The Inflation Adjustments That Will Apply To Health Savings Accounts (Hsas) Under Irc Section 223 Effective For Calendar Year 2024.