Does my FSA contribution limit reset when I join another company?
Yes! Your contribution limits (and FSA) are tied to your employer's plan. If you contribute to an FSA through one employer, then leave for another employer and contribute to a new FSA, you can contribute up to the annual limit through your new employer, regardless of how much you contributed through the previous employer.
For example, if you contributed $2700 (2019 limit) to a Health Care FSA with your previous employer, and you switch jobs in the same year, you can also contribute up to $2700 ( 2020 limit will increase to $2750) with the new employer.
This specifically applies to Health Care FSAs only , not Dependent Care FSAs.
Thank you for the feedback!