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Flexible Spending Account Contribution Limit Climbs

InterWest Insurance Services

The IRS recently announced that the annual contribution limit for flexible spending accounts will rise to $3,200 in 2024, up $150 from this year. Also, employees will be able to carry over up to $640 next year into 2025 if they have funds left over in their account, if their employer allows it (it’s optional).

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What employees expect from benefits packages

Business Management Daily

Medical plans with no or low-cost deductibles. Outstanding pharmaceutical and/or hospitalization coverage. Dental insurance and vision insurance. A survey shows that many employers are increasing the amount they spend on telemedicine. Health Savings Accounts. Flexible employee schedules/work-from-home options.