For a more complete list of eligible expenses, review irs publication 502 or the fsa store eligibility list. Beginning january 1, 2024, health care fsa (hcfsa) contributions are limited by the irs to $3,200 each year.
Pros, cons, maximum contribution, qualified medical expenses, carryover rule, vs hsas. Get clarity on what expenses and items are eligible for fsa coverage with paychex and learn how to maximize your fsa benefits and save on healthcare costs.
Please Visit The Irs Website And Review The Eligible Expense List On Your Member Portal For More Information.
2023 & 2024 flexible spending account (fsa) basics:
The Irs Has Just Announced Updated 2024 Fsa Contribution Limits, Which Are Seeing Modest Increases Over 2023 Amounts.
For 2024, employees can set aside up to $3,200 for healthcare fsas, which they can then use on eligible medical expenses.
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