Benefit Resource will be closed Monday, January 16 in observance of Martin Luther King Jr. Day.

BLOG

The last minute game changer: To make changes to your FSA or not

It is inevitable. You plan. You get things organized. You are ready for open enrollment. Then, some higher power makes a change. Well, yesterday, the IRS released another potential game changer. The current maximum IRS limit for a Medical FSA was increased from $2,500 to $2,550. While the change seems small in scope, there are many factors influencing a change and it requires quick reaction to ensure employees receive the full benefit for a calendar year plan.  So you have a decision. Will you increase the limit for your Medical FSA? Here is a quick illustration to determine whether to make changes to your FSA or not.

make a change to your FSA or not