Here are the contribution limits for each tax-advantaged account for 2022:
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Flexible Spending Account (FSA) and Limited Purpose Flexible Spending Account (LPFSA) - $2,850 per year.
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Health Savings Account (HSA) - $3,650 for self-coverage or $7,300 for family coverage.
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If the employee is 55 years old or older, they can contribute an additional $1,000 per year to their HSA.
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DCFSA - $5,000 per household or $2,500 if married and filing separately.
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Commuter - $280 per month.
Here are the contribution limits for each tax-advantaged account for 2023:
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Flexible Spending Account (FSA) and Limited Purpose Flexible Spending Account (LPFSA) - $3,050 per year.
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Health Savings Account (HSA) - $3,850 for self-coverage or $7,750 for family coverage.
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If the employee is 55 years old or older, they can contribute an additional $1,000 per year to their HSA.
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DCFSA - $5,000 per household or $2,500 if married and filing separately.
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Commuter - $300 per month
If you have any questions about this, please reach out to our Member Experience Team at support@joinforma.com or send us a live chat message through your Forma mobile app!
For questions regarding pre-tax accounts (HSA, FSA, DCFSA, etc.) you can also reach us by phone at 844-902-2902 Monday through Friday, 8 AM EST - 8 PM EST. We're here to help!