On October 19, 2017 the Internal Revenue Service (IRS) announced (see Revenue Procedure 2017-58) the dollar limitation on employee salary reductions for contributions to health flexible spending accounts; the monthly limitation regarding commuter accounts and contribution limits and thresholds for HSA’s.

Benefits Limits

Cafeteria Plan Limits and Thresholds

 20182017
Flexible Spending Accounts (FSA)
Health FSA Max Election$2,650$2,600
Dependent Care FSA Max Election$5,000$5,000
Health Savings Accounts (HSAs)
HDHP Min. Annual Deductible - Single$1,350$1,300
HDHP Min. Annual Deductible - Family$2,700$2,600
HDHP Out of Pocket Max - Single$6,650$6,550
HDHP Out of Pocket Max - Family$13,300$13,100
HSA Max Contribution Limit - Single$3,450$3,400
HSA Max Contribution Limit - Family$6,900$6,750
HSA Catch-Up Contribution Limit$1,000$1,000
Commuter Benefits
Parking$260/mo$255/mo
Mass Transit$260/mo$255/mo