At LD&B Benefits Administrators, our knowledgeable team offers administration of your benefit accounts with up-to-date technology, such as The LD&B Benefits Card, online services, and a mobile application. However, our advanced technology cannot replace the exceptional personal service we provide to both employers and employees.
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Please Note: 2019 Annual Cost-of-Living Inflation Adjustments
On November 15th, 2018, IR-2018-222 of the Internal Revenue Service (IRS) announced the 2019 annual cost-of-living inflation adjustments, which included increased limits for flexible spending accounts (FSAs), transportation fringe benefits, and qualified parking expenses.
A summary of the 2019 IRS contribution limits and their impacts on health benefit accounts is provided below and is summarized in the 2019 IRS Numbers You Need to Know document.
Changes announced in the latest IRS announcement are as follows:
- The 2019 maximum Health FSA Salary reduction contribution has been increased to $2,700 (up $50 from 2018).
- The monthly limit on fringe benefit exclusion for transportation fringe benefit and qualified parking has been increased to $265 (up $5 from 2018).
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