2021 Medical FSA and Transportation Benefits Contribution Limits
Posted on:
11/3/2020 11:13 AM
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.
