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IRS Announces Certain 2020 Health and Welfare Plan Limits

November 13, 2019

The IRS recently announced the following inflation-adjusted limits for 2020 for certain health and welfare plans:

?Çó Health flexible spending account limit: increased to $2,750.

?Çó Qualified transportation fringe benefit limits for parking and transit: each increased to $270.

?Çó Adoption assistance program limit: increased to $14,300.

?Çó Qualified Small Employer Health Reimbursement Arrangement limit: increased to $5,250 for individual coverage and $10,600 for family coverage.

These, and certain other, 2020 plan limits are available in Notice 2019-44 here.

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