USPS employees can contribute more money to health care flexible spending accounts (FSAs) next year.
FSAs allow employees to set aside money before taxes to cover eligible medical, pharmacy, dental and vision expenses.
The Postal Service will increase the maximum employee contribution to FSAs from $2,500 to $2,550, as allowed under the latest IRS regulations. The increase takes effect Jan. 1.
Employees may enroll in health care and dependent care FSAs during this year’s open season benefits enrollment period, which begins Nov. 9.