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)
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.
$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.