Table of 2023 Indexed Benefit Limits

We’re starting to see some 2023 indexed benefit limits, so we’re providing this table for your convenience.

We’ll update each number below as figures are released throughout the year. We also provide estimated figures when available, but not those are usually not final until October or November.

	2021	2022	2023
Affordable Care Act (ACA)
Affordability % Single FPL for 1/1 plan Single PFL for non-CY plan	9.83% $104.52/mo $105.50/mo	9.61% $103.14/mo $108.83/mo	9.12% $103.28 $110.80
§4980H(a) penalty Per month	$2,700/yr $225.00/mo	$2,750/yr ≈$229.17/mo	$2,880/yr $240.00/mo
§4980H(b) penalty Per month	$4,060/yr ≈$338.33/mo	$4,120/yr ≈$343.33/mo	$4,320/yr $360.00/mo
Non-grandfathered (non-GF) max out-of-pocket (OOP)	Per person $8,550/yr Family $17,100/yr	Per person $8,700/yr Family $17,400/yr	Per person $9,100/yr Family $18,200/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 8/2/21 $2.54 pppy for plan year ending 1/1/20-9/30/20 $2.66 pppy for plan year ending 10/1/20-12/31/20	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
Health and/or Limited Purpose Flexible Spending Account (FSA)
Max paycheck deductions (employer may also contribute greater of $500 or 1:1 match)	$2,750/yr	$2,850/yr	$3,050/yr
Max carryover to a plan starting the next CY	$550 to a 2022 plan (COVID enhancements available)	$570 to a 2023 plan	$610 to a 2024 plan
Dependent Care FSA
Max contribution (includes both employer and employee* funds; might need to pro-rate down for partial year eligibility)*	$10,500/yr $5,250/yr married filing separately	$5,000/yr $2,500/yr married filing separately	$5,000/yr $2,500/yr married filing separately
Health Savings Account (HSA)
Max contribution (includes both employer and employee* funds; might need to pro-rate down for partial year eligibility)*	Single $3,600/yr Family $7,200/yr	Single $3,650/yr Family $7,300/yr	Single $3,850/yr Family $7,750/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 $1,400/yr Family $2,800/yr	Single $1,500/yr Family $3,000/yr
HDHP max OOP (if non-GF, note family per-person OOP limit)	Single $7,000/yr Family $14,000/yr Non-GF $8,550 per person	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
§ 132 Qualified Commuter Plan
Qualified parking Transit passes and vanpools	$270/mo $270/mo	$280/mo $280/mo	$300/mo $300/mo
Non-Discrimination Testing
Highly compensated employee (HCE)	$130,000	$135,000	$150,000
Key employee	$185,000	$200,000	$215,000
Other Plans
Adoption assistance Excepted benefit HRA Qualified small employer HRA	$14,440 $1,800 $5,300 single $10,700 family	$14,890 $1,800 $5,450 single $11,050 family	$15,950 $1,950 $5,850 single $11,800 family

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.

Table of 2023 Indexed Benefit Limits

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