The 2020 contribution limits for your favorite pre-tax accounts have been finalized by the IRS:
Flexible Spending Account (FSA)
Health Savings Account (HSA)
Health Reimbursement Arrangement (HRA)
Qualified Small Employer Health Reimbursement Arrangement (QSEHRA)
You can download our free cheat sheet for more details on all these plans.
Save it. Print it. Frame it. It’s yours to keep!
And in case you need a refresher course, here’s a quick breakdown of our pre-tax benefit plans:
FSA – Flexible Spending Account
HSA – Health Savings Account
HRA – Health Reimbursement Arrangement
QSEHRA – Qualified Small Employer Health Reimbursement Arrangement
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This article provides general information and shouldn’t be construed as legal or HR advice. Since employment laws may change over time and can vary by location and industry, please consult a lawyer or HR expert for advice specific to your business. You can also contact Payroll Systems to inquire about our HR support services.