2021 Indexed Benefit Figures Including FSA & Transportation Limits

Annually, the Internal Revenue Service and Social Security Administration release cost-of-living adjustments that apply to dollar limitations set forth in certain IRS Code Sections. The Consumer Price Index warranted increases in some benefits figures for 2021—for a summary and charts of all key 2021 figures that are of interest to employers and sponsors of benefit plans, please click here.

Health FSA & Transportation Benefit Limits to Remain the Same in 2021
The IRS has announced that the contribution limit for health flexible spending arrangements (FSAs) will remain at $2,750 in 2021. For 2020, the contribution limit was also set at $2,750.

The monthly commuter benefits limit in 2021 for mass transit and parking remains at $270, which is also unchanged from the 2020 limits.

As always, please do not hesitate to reach out to our Group Benefits team with any questions.