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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. Earlier in 2023, the IRS also announced the maximum contribution limits to health savings accounts, which are similar to FSAs, but they must be attached to a high-deductible health plan.

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. Flexible employee schedules/work-from-home options. Insurance that is accepted at a greater range of places.

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Benefits Package Family and Medical Leave Act Health Insurance PTO 52
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