2017 FSA Cap Increase

The Internal Revenue Service recently announced a cost-of-living increase to the 2017 FSA contribution cap.  This change, called Revenue Procedure 2016-55, aims to offset inflation.  The new medical FSA limit is now $2,600 for 2017.  This is up from $2,550 in 2016.  Many other pre-tax benefits also had slight adjustments.

For more details please visit here.

No changes were made to the transit, parking, or dependent care contribution limits.  The individual HSA contribution limit increased to $3,400 annually, and the family HSA contribution limit did not change.  

Clarity Benefit Solutions simplifies online benefit administration for brokers, employers, and consumers. The company’s technology and services are designed to save time and lower the costs of managing benefits while also promoting employee self-service and automated ACA compliance.  Our FSA and HSA products make it easy to save money and comply with the latest IRS regulations.

 

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Liz O'Colmain
Liz O’Colmain
Regional Sales Director
Territory: Maryland, D.C., Virginia Certified in Flexible Compensation
Becky Crutchfield
Becky Crutchfield
Director, Partner Growth & Business Development
Carter Lynch
Carter Lynch
Regional Sales Manager
Territory: Florida, South Carolina, North Carolina, Tennessee, Louisiana, Alabama, Mississippi, Arkansas
Mark Sparber
Mark Sparber
Regional Sales Manager
Territory: New England, New York, New Jersey
Clarity Claire
Clarity Claire
Benefits Connoisseur

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Do you need new ideas? Are you ready to move to a new technology but do not know where to begin? Do you know your employees are not receiving all the benefits they deserve? One of our people will be happy to help you better serve your people.