by WEX Benefits
The IRS released 2021 contribution limits for medical flexible spending accounts (medical FSAs), commuter benefits, and more as part of Revenue Procedure 2020-45. The 2021 limits are:
2021 Medical FSA Contribution Limits
| 2020 | 2021 |
| $2,750 | $2,750 |
The 2021 medical FSA contribution limit will be $2,750, which is the same amount as in 2020.
2021 Commuter Benefits Contribution Limits
| 2020 | 2021 |
| $270 | $270 |
The monthly commuter benefits limit in 2021 for mass transit and parking remains at $270, which is unchanged from 2020.
2021 Adoption Assistance Limits
| 2020 | 2021 |
| $14,300 | $14,440 |
The maximum amount that may be excluded from an employee’s gross income for the adoption of a special needs child through an adoption assistance program is $14,440 in 2021. That amount is the same as what may be excluded from that employee’s gross income for expenses incurred by an employer for qualified adoption expenses within the program.
2021 Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) Limits
| QSEHRA | 2020 | 2021 |
| Self-only | $5,250 | $5,300 |
| Family | $10,600 | $10,700 |
Employer contribution limits for QSEHRAs are $5,300 for self-only and $10,700 for families.
Previously announced
2021 Health Savings Account (HSA) Contribution Limits
| HSA | 2020 | 2021 |
| Self-only | $3,550 | $3,600 |
| Family | $7,100 | $7,200 |
2021 HSA contribution limits were previously announced by the IRS. The limit is $3,600 for an individual and $7,200 for family.
Additional resources
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