Flexible spending account (FSA) contributions for 2023 will rise to $3,050, an increase of $200 from the 2022 limit. The limit also applies to limited-purpose FSAs used to reimburse only dental and vision care services. If an employer plan permits carryover of unused health FSA funds, the carryover amount will increase to $610, an increase of $40.
|
HEALTH FSA* |
2023 |
2022 |
|
Maximum salary deferral |
$3,050 |
$2,850 |
|
Maximum carryover amount |
$610 |
$570 |
* Maximum an employee could pay for employer-sponsored, self-only coverage using the FPL affordability safe harbor.
This spring, the IRS released 2023 HSA contribution limits with similar increases from the prior year.
For more information, contact your Bukaty benefits consultant at 913.345.0440.
