The IRS recently announced the following inflation-adjusted limits for 2020 for certain health and welfare plans:
• Health flexible spending account limit: increased to $2,750.
• Qualified transportation fringe benefit limits for parking and transit: each increased to $270.
• Adoption assistance program limit: increased to $14,300.
• Qualified Small Employer Health Reimbursement Arrangement limit: increased to $5,250 for individual coverage and $10,600 for family coverage.
These, and certain other, 2020 plan limits are available in Notice 2019-44 here.