Employees enrolled in an MSA will be able to contribute more pretax income to their Medical Spending Accounts in 2017 following a contribution limit increase announced by the Internal Revenue Service on October 25. The limit is rising to $2,600, a $50 increase from the limit set for 2016.
If you participate in a MoneyPlus MSA, you will have until November 15, 2016, the extended open enrollment deadline, to enroll and set your contribution amount. If you have already enrolled for 2017, you will be able to revise your contribution amount through November 15, 2016, if desired. Employees may make their revisions using www.myFBMC.com,or they may stop by the Benefits Office, located at 1600 Hampton Street, Suite 801.
Posted November 4, 2016