Thursday, October 11, 2012

Flexible Spending Changes in 2013

Effective January 1, 2013, the start of the 2013 Flexible Spending Accounts (FSA) plan year, the Health Care maximum contribution for an individual will be reduced from $5,000 to $2,500.
This is not a family limit; an employee and a spouse may each contribute up to $2,500 to a Health Care FSA.
The reduction complies with provisions of the 2010 Affordable Care Act. Program materials and the PostalEASE employee self-service enrollment system will reflect the lower maximum contribution.
USPS will issue program materials to coincide with FSA open season, which begins in November 2012.

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