How do Health Care Reform provisions affect annual contributions to FSAs?

How do Health Care Reform provisions affect annual contributions to FSAs?

As of 2013, the Patient Protection and Affordable Care Act (PPACA) imposes a $2,550 maximum for 2016 and a $2,600 maximum for 2017 on pre-tax participant contributions to Flexible Spending Accounts (FSAs), regardless of how many dependents participate in the plan. If you want help calculating your yearly spending and determining your election, make sure to check out our FSA Calculator tool. You should also check with your FSA administrator as to your FSA plan limit, as some may limit to an amount lesser than the $2,550 for 2016 and $2,600 for 2017. If you and your spouse both have your own FSA though your own employer, you may each contribute the maximum and cover each other as dependents, for a combined household contributions of $5,100 in 2016 and $5,200 in 2017.

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