Benefits Limits

Cafeteria Plan Limits and Thresholds

On November 18, 2019 the Internal Revenue Service (IRS) announced (see Revenue Procedure 2019-44) the dollar limitation on employee salary reductions for contributions to health flexible spending accounts.

On May 28, 2019 the IRS announced the 2020 Health Savings Account (HSA) contribution limit increases within their release of Revenue Procedure 2019-25.

 202020192018
Flexible Spending Accounts (FSA's)
Health FSA Max Election$2,750$2,700$2,650
Dependent Care FSA Max Election (married, filing joint)$5,000$5,000$5,000
Health Savings Accounts (HSAs)
HDHP Min. Annual Deductible - Single$1,400$1,350$1,350
HDHP Min. Annual Deductible - Family$2,800$2,700$2,700
HDHP Out of Pocket Max - Single$6,900$6,750$6,650
HDHP Out of Pocket Max - Family$13,800$13,350$13,300
HSA Max Contribution Limit - Single$3,550$3,500$3,450
HSA Max Contribution Limit - Family$7,100$7,000$6,900**
HSA Catch-Up Contribution Limit$1,000$1,000$1,000
Commuter Benefits
Parking$270/mo$265/mo$260/mo
Mass Transit$270/mo$265/mo$260/mo
QSEHRA Maximum Contribution Limits
Single$5,250$5,150$5,050
Family$10,600$10,450$10,250
Excepted Benefits HRA (EBHRA)
after 2020, indexed for cost-of-living changes.$1800n/an/a

**Note this amount changed back to $6900 from the 3/5/2018 changes of  $6850 as a result of the tax reform law  (P.L. 115-97).  To read the full article of changes and how this may affect you, click HERE.