As part of our dedication to keeping our customers up to date, here is a highlight of IRS changes to plan limits for 2022. For a complete list of changes, please see Revenue Procedure 2021-45.

Health Flexible Spending Accounts
(Includes limited-purpose FSAs)
20222021Change
Maximum salary deferral contribution$2,850$2,750+100
Maximum carryover amount

*The Consolidated Appropriations Act, 2021, allowed unlimited carryovers of health FSA balances into the next plan year for plan year 2021.
$570
$550 (as indexed, but carryover of full unused balance allowed)*+20
Table complements of SHRM article, link below.

For further information click the link below.

https://www.shrm.org/ResourcesAndTools/hr-topics/benefits/Pages/2022-fsa-contribution-cap-and-other-colas.aspx?utm_source=marketo&utm_medium=email&utm_campaign=editorial~HR%20Daily~NL_2021-Breaking_News-FSALimits&linktext=READ-MORE&mktoid=50122441&mkt_tok=ODIzLVRXUy05ODQAAAGAqbOKyLHXHN9sWLkC14Gnb0yEIkI7RJ9D6hJkAqKKdkYYBJcqAe4YWNjqlOx5IxGSxv61Pft0qlgW36hbY1a90XjA5-3YWuT09TYgBOxPCSytlw