What happens to an employee’s FSA if they change employers? Find out here.
Yes! Contribution limits (and FSA) are tied to employees’ plans. If they contribute to an FSA through one employer, then leave for another employer and contribute to a new FSA, they can contribute up to the annual limit through their new employer, regardless of how much they contributed through the previous employer.
For example, if an employee contributed $ 2,850 (2022 limit) to a Health Care FSA with a previous employer, and they switch jobs in the same year, they can also contribute up to $2,850 with the new employer.