The IRS has just announced the 2019 maximum contribution limits for Flexible Spending Accounts (FSA), Commuter Reimbursement Accounts (CRA), and Qualified Small Health Reimbursement Arrangements (QSEHRA).

See below for adjusted 2019 contribution limits compared to the current 2018 limits.

Plan Type

2018

2019

Flexible Spending Accounts (FSA)

$2,650

$2,700

Health Savings Account (HSA)

Individual: $3,450

Family: $6,900

Individual: $3,500

Family: $7,000

Commuter Reimbursement Accounts (CRA/Parking, Transit)

$260/month

$265/month

Qualified Small Employer Health Reimbursement Arrangements

Individual: $5,050

Family: $10,250

Individual: $5,150

Family: $10,450

 

They have also recently announced the adjusted dollar amount for PCORI fees is $2.45 for plan and policy years ending on or after October 1, 2018 and before October 1, 2019 (up from $2.39).

Cosmo Insurance Agency is an independent insurance agency serving surrounding communities in New Jersey. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating the latest in technology-based tools and laws on healthcare, employee benefits, life insurance and finance, we keep our clients up-to-date with the plans that encompass all of their needs, whether it is individual or group insurance. 

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source: pgpbenefits.com

Posted 3:00 PM

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