Dependent Care: You may have money deducted from your pay on a pre-tax basis to cover costs for dependent care.
The maximum limit for the 2019 calendar year is projected to remain at $5,000. You save money by paying for these expenses with pre-tax dollars.
Medical/Health Care: You may have money deducted from your pay on a pre-tax basis to cover qualified medical expenses that are not covered by your medical, dental, or vision insurance.
The annual medical flexible spending account contribution maximum for 2019, is projected to increase from $2,650 to $2,700. Because of the carryover rule change, a participant may be able to contribute $2,700 in 2019, plus up to $500 of unused carryover funds from 2018, for a total available amount of $3,200 for 2019.