Annual limit for 2018 Flexible Spending Accounts increased
After publication of the Open Enrollment brochure, the IRS announced an increase to the maximum contribution for a health care Flexible Spending Account (FSA).
Employees can contribute up to $2,650 to their 2018 health care FSA which is a $50 increase over the 2017 maximum. The Workday Open Enrollment event is configured to allow a health care FSA election of up to $2,650 for 2018.
For additional information, contact Trish Fayman at (630) 252-2992.