Contributing to More Than One FSA

Can I contribute the maximum election amount to more than one FSA if I change employers?

Yes. If an employee with Company A made an FSA election for the full IRS maximum ($3,050 in 2023) and subsequently terminates and moves to Company B, that participant can then elect the full IRS maximum with the new employer, regardless of how much was spent from the account with Company A.

If the first employer has a twelve-month plan year, then the employer can contribute and claim the full annual maximum. For this example, the employee then terminates with that employer and starts with a new employer that also has a twelve-month plan year.

Even though the employee starts mid-year and participated in a previous health FSA they can elect, contribute, and claim the total annual maximum with their new employer.