Flexible Spending Account Changes
If you use an FSA, be aware that changes are scheduled beginning next year. As part of the health care reform law passed in 2010, there will be a dollar limit on the amount that can be set aside for medical expenses. Effective for plan years starting in 2013, the maximum set-aside for medical expenses will be $2,500.
The limit on what can be set aside for dependent care costs will not change; it remains at $5,000.
Keep an eye on any upcoming legislation that could change these rules again.