Health Flexible Spending Account
The Health FSA, which provides employees the ability to set aside money on pre-tax basis to pay for eligible medical, dental, and vision expenses will have an increase to its contribution maximum from $2,600 to $2,650 for 2018. The new contribution limit will also apply to the Limited Purpose FSA which reimburses eligible dental and vision expenses.
Commuter Benefits help employees pay for certain parking, mass transit and/or vanpooling expenses with pre-tax dollars. The contribution limits for this account will increase from $255 to $260 for 2018.
The Adoption Assistance FSA helps employees pay eligible adoption expenses such as agency fees and court costs by contributing to the account with pre-tax money from their paycheck. The contribution limits for this account will increase from $13,570 to $13,840 for 2018.
2017 and 2018 Contribution Amounts
Benefit 2017 | 2018
Health FSA $2,600 | $2,650
Limited FSA $2,600 | $2,650
Dependent Care $5,000 | $5,000
Parking/Transportation $255 / $255 | $260 / $260
Adoption Assistance $13,570 | $13,840
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