Does my LPFSA contribution limit reset if I join another company?
Yes! Your contribution limits (and LPFSA) are tied to your employer's plan. If you contribute to an LPFSA through one employer, then leave for another employer and contribute to a new LPFSA, 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 $2750 (2020 limit) to a LPFSA with your previous employer, and you switch jobs in the same year, you can also contribute up to $2750 with the new employer.
This specifically applies to Health Care FSAs (Limited and Full Purpose only, not Dependent Care FSAs.
Thank you for the feedback!