The IRS announced this week that the employee contribution for Health FSAs will increase from $2,550 to $2,600 for plan years starting in 2017. Transit and Parking limits will remain unchanged at $255 per month for each benefit.

Keller will be issuing a complete COLA chart with all the 2017 benefits-related limits as soon as the IRS announces the final retirement account limits, which is expected in the next week or so. If you have any questions about COLAs that have already been issued, please contact your Keller account team.