2018 Cost of Living Adjustments

HOT OFF THE IRS PRESS
On Thursday, October 19, 2017, the IRS released Revenue Procedure 2017-58 and Notice 2017-64 which included the cost of living adjustments for 2018. The new annual limits for plan years starting on or after January 1, 2018 are listed below:

2018 Cost of Living Adjustments
Medical FSA $2,650 ($50 increase)
Limited-Purpose FSA $2,650 ($50 increase)
Dependent Care $5,000 (no increase)
Transit $260 per month ($5 increase)
Parking $260 per month ($5 increase)
Adoption Assistance $13,840 ($270 increase)
HSA Contribution Limits Individual Family
$3,450
($50 increase)
$6,900
 ($150 increase)
HDHP Minimum Deductibles Individual Family
$1,350
($50 increase)
$2,700
($100 increase)
HDHP Out-of-Pocket Maximums Individual Family
$6,650
($100 increase)
$13,300
($200 increase)
Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) Individual Family
$5,050
($100 increase)
$10,250
($200 increase)

Watch for an email on Monday, October 23, 2017 from BeneFLEX with instructions on how to make changes to your plan. 

For additional questions, please contact the BeneFLEX Customer Service Team
at (314) 909-6979, Toll Free: (800) 631-3539 or info@beneflehxr.com.

Sincerely,