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Flexible Spending Account Contribution Limit Climbs

InterWest Insurance Services

DECEMBER 7, 2023

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).

Flexible Spending Account 98
Flexible Spending Account Flexible Spending Pharmaceutical Health Savings Account 98
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What employees expect from benefits packages

Business Management Daily

SEPTEMBER 15, 2021

Medical plans with no or low-cost deductibles. Outstanding pharmaceutical and/or hospitalization coverage. Employers also may want to explore benefit plan additions such as: Flexible Spending Accounts. Health Savings Accounts. Flexible employee schedules/work-from-home options.

Benefits Package 52
Benefits Package Family and Medical Leave Act Health Insurance PTO 52
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