Employees will be able to contribute more into their health care flexible spending accounts (FSA) in 2019, when the FSA contribution limit rises to $2,700. The IRS announced the change after the 2019 Benelect Open Enrollment materials were created. The open enrollment kit states the maximum allowable contribution as $2,650.
If you wish to increase your annual contribution the new maximum amount of $2,700 for 2019, you will need to make a new election through HCM during Open Enrollment.
For more information, visit the 2019 Benelect Open Enrollment website.