The Internal Revenue Service (IRS) has announced an increase in the Flexible Spending Account (FSA) contribution limits for the Health Care Flexible Spending Account (HCFSA) and the Limited Expense Health Care FSA (LEX HCFSA). For 2022, participants may contribute up to an annual maximum of $2,850 for a HCFSA or LEX HCFSA. This is an increase of $100 from the 2021 contribution limits.
The Dependent Care FSA (DCFSA) maximum annual contribution limit did not change for 2022. It remains at $5,000 per household or $2,500 if married, filing separately.
The minimum annual election for each FSA remains unchanged at $100.
You may enroll in an FSA for 2022 during the current Benefits Open Season which runs through December 13, 2021, midnight EST. If you have already entered your election for 2022, you may make changes to your election amount through the end of the Open Season. For information on the Open Season, view the FSA Open Season announcement.
Please note that your 2021 enrollment will not automatically continue into next year. If you want an FSA in 2022, you must enroll for 2022 during the Open Season. Open Season elections will be effective on January 1, 2022.
To enroll or make a change to your contribution amount for 2022, or if you have questions, contact FSAFEDS by calling 877-372-3337 or visiting the FSAFEDS website.