TriNet offers access to flexible spending accounts (FSAs) and a health savings account (HSA) that can help worksite employees save money on everyday expenses.
The maximum health care FSA annual contribution limit for the 2024 benefits plan year is $3,200. The maximum dependent day care FSA annual contribution limit for the 2024 benefits plan year is $5,000.
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2023 Flexible Spending Account (FSA) Dates | |
March 31, 2024 | This is the last day to incur (or make) eligible dependent day care FSA expenses that can be paid from worksite employees’ 2023 plan year accounts. |
June 15, 2024* | This is the last day of the grace period to incur (or make) eligible health care FSA expenses that can be paid from worksite employees’ 2023 plan year accounts. |
July 31, 2024 | This is the last day claims can be submitted for eligible expenses incurred for the 2023 plan year for both the health care and dependent day care FSAs. |
2024 Flexible Spending Account (FSA) Dates | |
March 31, 2025 | This is the last day to incur (or make) eligible dependent day care FSA expenses that can be paid from worksite employees’ 2024 plan year accounts. |
June 15, 2025* | This is the last day of the grace period to incur (or make) eligible health care FSA expenses that can be paid from worksite employees’ 2024 plan year accounts. |
July 31, 2025 | This is the last day claims can be submitted for eligible expenses incurred for the 2024 plan year for both the health care and dependent day care FSAs. |
*Grace period is only applicable if the worksite employee is an active participant on the last day of the plan year.
The maximum HSA single contribution limit for the 2024 calendar year will be increasing to $4,150. The maximum HSA family contribution limit for the 2024 calendar year will be increasing to $8,300.
If you want to contribute to worksite employees’ HSAs, you can choose:
2024 Health Savings Account (HSA) Dates | |
April 1, 2024 | New HSA elections start on the first pay date following April 1, 2024* |
April 1–December 31, 2024 | HSA contributions count toward IRS 2024 calendar year contribution limits |
January 1–March 31, 2025 | HSA contributions count toward IRS 2025 calendar year contribution limits. |
*Worksite employees may enroll in an HSA or change or stop their HSA deductions at any time during the year. The HSA Payroll Change Form is available on TriNet (login.TriNet.com)