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October 19, 2017
2018 Medical FSA and QTA limits - The IRS has announced that the 2018 salary reduction limit for Medical FSAs is $2,650. There is no change to the annual maximum for Dependent Care FSAs. The new monthly maximums for Qualified Transportation Accounts are $260 for transit expenses and $260 for parking expenses.
May 10, 2017
New Health Savings Accounts and High Deductible Health Plans Limits - The IRS recently announced the following HSA and HDHP limits for 2018: HSA annual contribution limits will increase from $3,400/Single and $6,750/Family to $3,450/Single and $6,900/Family. The minimum statutory deductible for an HSA-qualified High Deductible Health Plan will increase from $1,300/Single and $2,600/Family to $1,350/Single and $2,700/Family. The out-of-pocket limit for these plans will also increase from $6,550/Single and $13,100/Family to $6,650/Single and $13,300/Family. The HSA Catch-up contribution remains unchanged at $1,000.