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2021 Medical FSA and Transportation Benefits Contribution Limits

2021 Medical FSA and Transportation Benefits Contribution Limits

The IRS has announced that there will be no changes to the contribution limits for Medical Flexible Spending Accounts (FSA) and Transportation Benefits (QTB) for 2021.

Medical FSA Annual Contribution Limits 2020

$2,750

QTB Monthly Contribution Limits 2020

$270

 

Medical FSA Annual Contribution Limits 2021

$2,750

QTB Monthly Contribution Limits 2021

$270

 

As a reminder, Health Savings Accounts (HSA) contribution limits were announced earlier this year. The limit for an individual HSA increased to $3,600, while the family contribution limit increased to $7,200.

HSA Annual Contribution Limits 2020

Single:  $3,550
Family: $7,100
 

HSA Annual Contribution Limits 2021

Single:  $3,600
Family: $7,200

 

If you have any questions regarding any of reimbursement account offerings (FSA, HSA, HRA, QTB) or their specific limitations, we’re here to help.

 

Brokers:  Please contact your dedicated LBS Account Manager.

 

Employers:  Please contact your dedicated LBS Account Manager or Reimbursement Account Administrator.

 

Members:  LBS Customer Service
                   (800) 327-7130

                   Monday-Thursday, 8:00am-5:00pm EST

                   Friday, 9:00am-5:00pm EST

                   [email protected]