Health FSA Limit Will Increase for 2022
- Hatcher Agency Marketing
- Dec 7, 2021
- 1 min read
The Affordable Care Act (ACA) imposes a dollar limit on employees’ salary reduction contributions to health flexible spending accounts (FSAs) offered under cafeteria plans. This dollar limit is indexed for cost-of-living adjustments and may be increased each year.
• The IRS announced that the health FSA dollar limit will increase to $2,850 for 2022.
• Employers may continue to impose their own dollar limit on employee salary reduction contributions to health FSAs, up to the ACA’s maximum.
• Employers should communicate their 2022 limit to their employees as part of the open enrollment process
With the Health FSA limit set to increase for 2022, many residents in McAllen are looking for ways to maximize their healthcare benefits. Treatments like Semaglutide McAllen TX can now be more accessible using these updated FSA contributions, making it easier to prioritize health and wellness this year
It’s great to see the Health FSA limit increasing for 2022, giving people more flexibility to manage healthcare expenses. This change encourages better investment in personal wellness and preventive care. In the same way, Dermal Fillers Houston highlights how prioritizing self-care can enhance confidence and overall well-being.