For all Health Care FSA plans that begin on any day in 2019, a new limit of $2700 has been imposed by Health Care Reform. This is a per employer per plan year maximum. Individual salary reductions are capped at this limit, and any employer contributions are not counted as part of this maximum.
Medical Transportation Deduction
For 2019, the amount that may be deducted for medical transportation expenses has been increased to 20 cents per mile, up from 18 cents per mile for 2018.
For 2019, the monthly limit on the amount that may be excluded from an employee's income for qualified parking benefits will increase to $265. The combined monthly limit for transit passes and vanpooling expenses for 2019 will also increase to $265. Employees may participate in both plans for a total maximum monthly benefit of $530.
Annual maximum reimbursement for a qualified small employer health reimbursement arrangement (QSEHRA) will increase $100 for individual coverage from the current amount of $5,050 to $5,150, and the maximum reimbursement amount will increase $200 for family coverage from the current amount of $10,250 to $10,450.
As a reminder, on May 10, 2018, the IRS announced 2019 health savings account (HSA) contributions limit increases. In 2019, the annual HSA contribution limit for individual coverage will increase $50 from the current $3,450 to $3,500, and the family coverage contribution limit will increase $100 from the current $6,900 to $7,000.