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IRS Announces 2019 Contribution Limits

The IRS has announced the 2019 maximum contribution limits for Flexible Spending Accounts (FSA), Qualified Small Health Reimbursement Arrangements (QSEHRA), Adoption Assistance, Commuter Reimbursement Accounts (CRA), and Patient-Centered Outcomes Research Institute (PCORI) fees.

Flexible Spending Account
The maximum contribution limit for Health Care flexible spending accounts is $2,700 per plan year, an increase of $50 from the 2018 limit.

Qualified Small Health Reimbursement Arrangements
Small businesses may offer up to $5,150 per self-only employee and up to $10,450 per employee with a family.

Adoption Assistance Limit
The Adoption Assistance limit is set to increase from $13,840 in 2018 to $14,080 in 2019.

Commuter Reimbursement Accounts
The maximum monthly pre-tax limit for mass transit and parking will increase from $260 in 2018 to $265 in 2019.

PCORI Fees
The adjusted dollar amount for PCORI fees (HRA only) for plan and policy years ending on or after October 1, 2018, and before October 1, 2019, is $2.45.

Additional information regarding adjusted 2019 limits set forth by the IRS may be found here.

 

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HR Works, Inc., headquartered at 200 WillowBrook Office Park in Fairport (Rochester), New York, with an office in East Syracuse, is a human resource management outsourcing and consulting firm serving clients throughout the United States. HR Works provides scalable strategic human resource management and consulting services, including: affirmative action programs; benefits administration outsourcing; HRIS self-service technology; full-time, part-time and interim on-site HR managers; HR audits; legally reviewed employee handbooks and supervisor manuals; talent management and recruiting services; and training of managers and HR professionals.