The Internal Revenue Service announced that the Health Care Flexible Spending Account (FSA) contribution limit will increase from $3,050 to $3,200 in 2024.

This program allows federal employees to set aside an annual pre-tax amount they anticipate spending for out-of-pocket health, dental and vision expenses. FSAs can be used to purchase a wide range of items—including masks, hand sanitizing wipes and cold season essentials like pain relievers, cold and flu medicine and cough drops. For a list of eligible items, visit https://www.fsafeds.com/support/eligibleexpenses.

Federal Benefits Open Season is the one time of year employees can opt in to make pre-tax contributions to their health care and dependent care FSAs.

NTEU members can learn more about FSAs and get expert help choosing a health care plan by visiting Consumers’ Checkbook Online Guide. Members get free access to this valuable tool throughout the open season, which runs through December 11.