The IRS has increased the 2026 Medical Spending Account (MSA) and Limited-use MSA contribution limit from $3,300 to $3,400, and the carryover limit from $660 to $680.

Employees can update their MSA elections through Friday, October 31, the end of open enrollment.

• If your election is not yet approved in Employee Benefits Services, update it in MyBenefits.

• If it has been approved, submit a signed Notice of Election (NOE) to your benefits administrator by October 31. Employers must forward all NOEs to PEBA by the same date.

Participants may carry over up to $680 into 2027. Any unused funds above that amount will be forfeited after March 31, 2027.

Please note: the election deadline will not be extended, as the new limit was announced before open enrollment ends.