2019 Pre-tax Limits Announced

2019 pre-tax limits

The IRS released the 2019 pre-tax limits for Mass Transit, Parking, Medical FSA and Adoption Assistance. The limits are effective for plan years that begin on/or after January 1, 2019.

2019 Mass Transit and Parking Limits

Maximum Election: $265 / month (up from $260 / month in 2018)

2019 Medical FSA Limit

Maximum Annual Limit: $2,700 (up from $2,650 in 2018)

2018 Adoption Assistance Limit

Maximum Annual Limit: $14,080 (up from $13,810 in 2018)

IRS Rev. Proc. 2018-57 sets the 2019 pre-tax limits and other inflation adjusted limits. 2019 HSA Limits were released earlier this year and can be found here.

If you have a Medical FSA and/or Adoption Assistance plan year that begins January 1, 2019 and would like to increase your tax-free limits, please contact your assigned Client Operations Specialist.

NOTE: There is no requirement to increase Medical FSA and/or Adoption Assistance limits. Employers must initiate a change. By contrast, mass transit, parking and HSA limits will be updated automatically for elections intended on or after January 1, 2019.

Participants may contact Participant Services at 1-800-473-9595, Monday-Friday, 8am to 8pm with any questions.