The IRS has finally released the FSA and Transportation maximum benefit limits for 2019. Here are the 2019 annual limits for employee benefit plans, including:

  • The maximum retirement plan annual elective deferral increased to $19,000, but the catch-up contribution (age 50+) remains unchanged at $6,000.
  • The health FSA plan year maximum employee election increases from $2,650 to $2,700. Employers who want to apply the increase at renewal should contact their TPA.
  • The HSA calendar year maximum contribution increases from $3,450 to $3,500 for single coverage and from $6,900 to $7,000 for family coverage.
  • The transit and parking limits increase to $265 per month for each account.

Click here for our detailed table of IRS employee benefit plan limits. Please note that the ACA 4980H penalties are still pending official IRS confirmation.