Compliance

Table of 2024 Indexed Benefit Limits

Mar 31, 2023

We are providing a table below of 2024 indexed benefit limits we have seen published so far.

We updated each number below as figures are released throughout the year.  Note: the FPL for non-calendar year plans won’t be released until mid-January 2024.

 202220232024
Affordable Care Act (ACA)
  • Affordability %
  • Single FPL for 1/1 plan
  • Single PFL for non-CY plan
  • 9.61%
  • $103.14/mo
  • $108.83/mo
  • 9.12%
  • $103.28/mo
  • $110.80/mo
  • 8.39%
  • $101.93/mo
  • $105.29/mo
  • §4980H(a) penalty
  • Per month
  • $2,750/yr
  • ≈$229.17/mo
  • $2,880/yr
  • $240.00/mo
  • $2,970/yr
  • $247.50/mo
  • §4980H(b) penalty
  • Per month
  • $4,120/yr
  • ≈$343.33/mo
  • $4,320/yr
  • $360.00/mo
  • $4,460/yr
  • $371.67/mo
  • Non-grandfathered (non-GF) max out-of-pocket (OOP)
Per person $8,700/yr
Family $17,400/yr		Per person $9,100/yr
Family $18,200/yr		Per person $9,450/yr
Family $18,900/yr
  • Patient Centered Outcomes Research (PCOR) fee (payable by employers with health reimbursement arrangement (HRA) or self-funded health plan)

For PCOR fee due Monday 8/1/22

  • $2.66 pppy for plan year ending 1/1/21-9/30/21
  • $2.79 pppy for plan year ending 10/1/21-12/31/21

For PCOR fee due Monday 7/31/23

  • $2.79 pppy for plan year ending 1/1/22-9/30/22
  • $3.00 pppy for plan year ending 10/1/22-12/31/22

For PCOR fee due Wednesday 7/31/24

  • $3.00 pppy for plan year ending 1/1/23-9/30/23
  • $3.22 pppy for plan year ending 10/1/23-12/31/23
Health and/or Limited Purpose Flexible Spending Account (FSA) 
  • Max paycheck deductions (employer may also contribute greater of $500 or 1:1 match)

$2,850/yr

$3,050/yr

$3,200/yr

  • Max carryover to a plan starting the next CY

$570 to a 2023 plan

$610 to a 2024 plan

$640 to a 2025 plan

Dependent Care FSA
  • Max contribution (includes both employer and employee funds; might need to pro-rate down for partial year eligibility)
$5,000/yr
$2,500/yr if separated		$5,000/yr
$2,500/yr if separated		$5,000/yr
$2,500/yr if separated
Health Savings Account (HSA)
  • Max contribution (includes both employer and employee funds; might need to pro-rate down for partial year eligibility)
Single $3,650/yr
Family $7,300/yr		Single $3,850/yr
Family $7,750/yr		Single $4,150/yr
Family $8,300/yr
  • Catch-up contribution (per HSA account holder age 55+ on 12/31 that year; never indexes)
$1,000/yr$1,000/yr$1,000/yr
  • HDHP minimum deductible (if family members don’t pay more than the single deductible [called an embedded deductible], then set single deductible at or above minimum family minimum deductible)
Single $1,400/yr
Family $2,800/yr		Single $1,500/yr
Family $3,000/yr		Single $1,600/yr
Family $3,200/yr
  • HDHP max OOP (if non-GF, note family per-person OOP limit)
Single $7,050/yr
Family $14,100/yr
Non-GF $8,700 per person		Single $7,500/yr
Family $15,000/yr
Non-GF $9,100 per person		Single $8,050/yr
Family $16,100/yr
Non-GF $9,450 per person
§ 132 Qualified Commuter Plan
  • Qualified parking
  • Transit passes and vanpools
  • $280/mo
  • $280/mo
  • $300/mo
  • $300/mo
  • $315/mo
  • $315/mo
Non-Discrimination Testing
  • Highly compensated employee (HCE)
  • $135,000
  • $150,000
  • $155,000
  • Key employee
  • $200,000
  • $215,000
  • $220,000
Other Plans
  • Excepted benefit HRA
  • Qualified small employer HRA
  • Adoption assistance §137
  • Education assistance §127  (*can include student loans 2020 through end of 2025)
  • $1,800
  • $5,450 single
  • $11,050 family
  • $14,890
  • $5,250*
  • $1,950
  • $5,850 single
  • $11,800 family
  • $15,950
  • $5,250*
  • $2,100
  • $6,150 single
  • $12,450 family
  • $16,810
  • $5,250*

IMA will continue to monitor regulator guidance and offer meaningful, practical, timely information. This material should not be considered as a substitute for legal, tax and/or actuarial advice. Contact the appropriate professional counsel for such matters. These materials are not exhaustive and are subject to possible changes in applicable laws, rules, and regulations and their interpretations.

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