2019 Cost of Living Adjustments

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The IRS just released inflation-adjusted items for 2019.  Below are the new amounts effective January 1, 2019. Flexible Spending Accounts Health FSA For  2019, the dollar limitation on employee salary reduction contributions to a Health Flexible Spending Account (Health FSA) will increase by $50 to $2700 per plan year. Adoption Assistance FSA The maximum amount … Continued

HSA Limit for Family Coverage Reduced

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The Internal Revenue Service (IRS) announced changes to certain tax limits for 2018, including a reduced contribution limit for health savings accounts (HSAs) on March 5, 2018.