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Open Enrollment News: IRS announces 2020 flexible spending limits

Nov 13, 2019

The Internal Revenue Service has announced the flexible spending account limits for tax year 2020. The updates include new limits for health, offsite parking and transportation accounts.

The new IRS limits are as follows:

  • Health Flexible Spending Account          
$2,750 annual limit 
  • Offsite Parking Flexible Spending Account      
$270 monthly limit
  • Transportation Flexible Spending Account    
$270 monthly limit

If you have already completed your enrollment and you wish to maximize your contributions, you can still go in and update your contributions by logging in and making your desired change before the deadline on Sunday, Nov. 24, 2019.

The Benefit Focus Portal has been updated to include these new limits. Visit the Flexible Spending website to learn more about this benefit.

If you have questions about the plan or any of your Pacific benefits, contact the Human Resources Department at 209.946.2124 or email the benefits team at employee_benefits@pacific.edu.

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