Table of 2024 Indexed Benefit Limits

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.

	2022	2023	2024
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.

Table of 2024 Indexed Benefit Limits

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