The IRS has recently released the 2019 contribution limits for Flexible Spending Accounts (FSAs), and transportation benefit accounts – increasing limits for most tax-advantaged benefit plans. In May 2018, the IRS published the increases for Health Savings Accounts (HSAs), including out-of-pocket maximums. See below for 2019 FSA and HSA contribution limits, and for increases to transit and parking accounts.
2019 FSA and HSA Contribution Limits
2019 FSA Contribution Limits
On November 15, 2018, the IRS published the 2019 FSA contribution limits (the limits are generally published in early to mid October). Read Revenue Procedure 2018-57
For the 2019 plan year, FSA participants may contribute up to $2,700, an increase of $50. This applies to health FSAs and limited purpose FSAs. Dependent Care FSAs remain at $5,000.
2019 FSA Contribution Limits Chart
|2019 Annual Limit||2018 Annual Limit|
|Limited Purpose FSA||$2,700||$2,650|
|Dependent Care FSA||$5,000 (no change)||$5,000|
2019 HSA Contribution Limits
In May 2018, the IRS released the 2019 HSA contribution limits, along with out-of-pocket expense limits and annual deductibles. HSA contribution limits for both single and family coverage increased; out-of-pocket expense maximums also went up. Annual deductibles for qualified high deductible health plans did not change.
2019 HSA Contribution Limits, Out-of-Pocket Maximums and Annual Deductibles
|Self-only coverage||HSA contribution limit||$3,500||$3,450|
|Out-of-pocket expense limits (maximum)||$6,750||$6,650|
|Annual deductible (minimum)||$1,350 (no change)||$1,350|
|Family coverage||HSA contribution limit||$7,000||$6,900|
|Out-of-pocket expense limits (maximum)||$13,500||$13,300|
|Annual deductible (minimum)||$2,700 (no change)||$2,700|
2019 Transit and Parking Contribution Limits
In addition to increasing FSA and HSA annual contribution limits, the IRS raised the limits for qualified transportation fringe and parking benefits from $260.00 to $265.00 per month.
Bicycle commuter benefit limits remain the same at $20.00 per month.
2019 Commuter and Parking Benefits Chart
|2019 Monthly Limits||2018 Monthly Limits|
|Bicycle||$20.00 (no change)||$20.00|
DataPath Administrative Services is a third party benefits administrator headquartered in Little Rock, Arkansas. DataPath offers FSA, HSA, HRA, Transit account, and COBRA administration services.