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Maximum Election Limit

Written by: PeopleKeep Team
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Originally published on November 6, 2012. Last updated November 21, 2013.

Effective January 1, 2013, a maximum election limit will be placed on the amount an employee can contribute to a health Flexible Spending Account (FSA). he maximum election limit will be $2,500 per participant.  It is important to note that this limit only applies to pre-tax contribution by an single employee (i.e. A husband and wife may each elect $2,500 if they participate in separate FSA plans).  Similarly, an employers may make contributions to an FSA above and beyond the $2,500 limit.

Originally published on November 6, 2012. Last updated November 21, 2013.
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