FSA: Healthcare Max

Alex2003 · October 2003

What is the Healthcare Care Max that a FSA Plan may have? Am I correct that there is only a max for Dependent Care ($5K) and that there is no IRS max on the health side? Thanks.

onvoy · October 2003

In all of my documentation, I see no Federally set cap for Health FSA. The employer has the ability to set minimums and maximums. I have typically seen caps set at 3,000 - 5,000.

Our Health FSA is capped at 3,000 and we have no minimum.

I hope this helps!

Michelle

marc · October 2003

To my knowledge, there is no max set by the feds, other than the $5,000 you mentioned for dependent care coverage. Your policy and the ees salary are the only limits.

Down_the_Middle · October 2003

$5,000.00 is the max for unreimbursed medical spending accounts.

Pearce · October 2003

If by "unreimbursed medical spending account" you are referring to a Section 125 Flexible Spending Account (FSA) for Medical Expenses you are incorrect. It is possible that your specific 125 plan has a restriction of $5,000 on your medical spending account but the IRS does not impose a limit on contributions to a medical FSA. There is a limit of $5,000 on a Dependent Care FSA.

Down_the_Middle · October 2003

I stand corrected, Pearce. Tks

Alex2003 · October 2003

Thanks to all for confirmation.

mrsbowden · October 2003

Just my 2 cents but I agree there is no fed. reg. on a cap, our company has a 5k cap period...between both health care and dependant care x:)

FSA: Healthcare Max

Comments