Benefits Limits

Cafeteria Plan Limits and Thresholds

On October 19, 2017 the Internal Revenue Service (IRS) announced (see Revenue Procedure 2017-58) the dollar limitation on employee salary reductions for contributions to health flexible spending accounts; the monthly limitation regarding commuter accounts and contribution limits and thresholds for HSA’s.

Flexible Spending Accounts (FSA's)
Health FSA Max Election$2,650$2,600
Dependent Care FSA Max Election$5,000$5,000
Health Savings Accounts (HSAs)
HDHP Min. Annual Deductible - Single$1,350$1,300
HDHP Min. Annual Deductible - Family$2,700$2,600
HDHP Out of Pocket Max - Single$6,650$6,550
HDHP Out of Pocket Max - Family$13,300$13,100
HSA Max Contribution Limit - Single$3,450$3,400
HSA Max Contribution Limit - Family$6,850**$6,750
HSA Catch-Up Contribution Limit$1,000$1,000
Commuter Benefits
Mass Transit$260/mo$255/mo

**Note this amount changed from $6900 too $6850 as of 3/5/2018 as a result of the tax reform law  (P.L. 115-97) that changed the annual inflation adjustment factor from the Consumer Price Index (CPI) to a new factor known as ‘chained CPI’. This change was anticipated to slow the rate of changes in all programs under the tax code, including HSAs. For further information, visit the published Internal Revenue Bulletin (IRB) 2018-10 that contains Revenue Procedure (Rev. Proc.) 2018-19.