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Welcome! Foy & Associates in association with Discovery Benefits is pleased to bring you the new and superior Flexible Benefit account platform. Your customized site now offers simplified applications, detailed reports and an array of useful tools to manage your account with ease.

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October 19, 2017 |  By: dbi

IRS Announces 2018 Plan Limits

The IRS released Revenue Procedure 2017-58 today, announcing some important changes to plan contribution limits for 2018. We've summarized them for you below. Flexible Spending Accounts (FSAs) The 2018 FSA contribution limit will be $2,650, an increase of $50 from the 2017 limits.  Commuter Benefits The monthly commuter benefit limits for both mass transit and parking will increase by $5 in 2018, for a maximum monthly contribution... Continue Reading ›