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2023 Health FSA Contribution Cap Rises to $3,050
Society for Human Resource Management [SHRM]; membership may be required to view article [Guidance Overview] Oct. 19, 2022 "Employees can put an extra $200 into their health care flexible spending accounts (health FSAs) next year ... as the annual contribution limit rises to $3,050, up from $2,850 in 2022. The increase is double the $100 rise from 2021 to 2022 and reflects recent inflation. If the employer's plan permits the carryover of unused health FSA amounts, the maximum carryover amount rises to $610, up from $570." |
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