The IRS has raised the Flexible Spending Account (FSA) limit from $2,650 to $2,700 for 2019. Additionally, Transportation Reimbursement Account (TRA) expense limits for parking and transit have been set at $265/month. The IRS publication, issued on Thursday, November 15, 2018, can be found here.
If your renewal is 1/1/19 and you have already set the FSA contribution limit to the 2018 amount but would like to increase this amount to the 2019 amount, please contact your Bim Group Account Executive/Manager for assistance.