Today, the IRS released IRS Revenue Procedure 2018-57 which provides the 2019 cost-of-living increases for inflation for certain items. Below you will find the new maximums for plan years beginning or renewing January 1, 2019.
2019 Maximums |
2018 Maximums |
|
| Limit on voluntary employee salary reduction contributions to a Health Flexible Spending Arrangement (FSA) (Section 3.17 of Rev. Proc. 2018-57) |
$2,700 |
$2,650 |
| Monthly limit on fringe benefit exclusion for transit and parking (COMMUTER) (Section 3.18 of Rev. Proc. 2018-57) |
$265 |
$260 |
| Maximum reimbursement from a qualified small employer health reimbursement arrangement (QSEHRA) (Section 3.62 of Rev. Proc. 2018-57) |
$5,150 ($10,450 for family coverage) |
$5,050 ($10,250 for family coverage) |
If you have any questions please contact us at planservices@proficientbenefits.com.
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