A blog was published previously that announced the 2023 IRS rates. MSU’s Flex spending plan is governed by the State of Missouri’s Office of Administration. Based on the timing of IRS release of 2023 limit the State follows the prior year maximum and therefore the medical FSA maximum is limited to $2850. We apologize for any confusion
What are the 2023 FSA account limits?
The limit for 2023 for a Medical/Health care FSA is $2,850 and the dependent care FSA limit is $5,000 for the state of Missouri plans.. Flexible spending accounts must be elected yearly and can be elected during Open enrollment. However, Cafeteria/flexibility spending account elections are done directly on ASIFLEX site versus the online benefits enrollment site.