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How do I know how much money to contribute to my Flexible Spending Account?

Annual contribution may not exceed $2,650 per year, as determined by the IRS. A different limit may apply to you according to your employer’s plan, refer to your plan document for specific limit amounts.

Take a look at last year’s out-of-pocket medical expenses to get the best idea. Calculate the amount of recurring medical expenses to determine what your contribution amount should be.

To estimate your annual medical costs and help determine your best contribution amount, Click Here to download BMA’s reimbursement worksheet.

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