Health Care Corner: Tips by Monty Dise

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The IRS recently announced the 2019 contribution limits for Flexible Spending Accounts “FSAs.” Employers can establish lower FSA contribution limits for their employees, but cannot exceed the IRS limitations. The outline below summarizes the differences between the 2018 and 2019 FSA contribution limits. Benefit 2018 2019 Flexible Spending Accounts (FSAs) $2,650 $2,700 Limited Purpose FSAs $2,650 $2,700 Dependent Care FSAs $5,000 $5,000 Commmuter Benefits $260 $265

Monty Dise, President  Asset Protection Group, Inc.  mdise@apgroupinc.com  804-423-7700