Limits & Annual Fees


Reference

 

Health Plan Limits

Health Plan Fees

Health Plan Affordability Limits

401(k) Retirement Plan Limits

 

Health Plan Limits

2024

2023

2022

Health FSA Annual Contribution Maximum

Each year the maximum FSA salary reduction is indexed to the Consumer Price Index.

 $3,200 $3,050
 $2,850

Health FSA Rollover Maximum

This represents the maximum amount that can be carried over from the previous year into the year listed on the right.

 $640 $610 $570

HSA Annual Contribution Maximum

HSA contributions from all sources cannot exceed certain annual limits prescribed by the IRS and adjusted annually for inflation.

 Self-Only Coverage: $4,150

Family Coverage: $8,300

 Self-Only Coverage: $3,850

Family Coverage: $7,750

 Self-Only Coverage: $3,650

Family Coverage: $7,300

HDHP Minimum Annual Deductible

An HDHP is a health plan that has statutorily prescribed minimum deductible and maximum out-of–pocket limits.

 Self-Only Coverage: $1,600

Family Coverage: $3,200

 Self-Only Coverage: $1,500

Family Coverage: $3,000

 Self-Only Coverage: $1,400

Family Coverage: $2,800

HDHP Maximum Annual Out-of-Pocket Expenses

An HDHP is a health plan that has statutorily prescribed minimum deductible and maximum out-of–pocket limits.

 Self-Only Coverage: $8,050

Family Coverage: $16,100

 Self-Only Coverage: $7,500

Family Coverage: $15,000

 Self-Only Coverage: $7,050

Family Coverage: $14,100

ACA Annual Out-of-Pocket Maximums

 

 Self-Only Coverage: $9,450

Family Coverage: $18,900

  Self-Only Coverage: $9,100

Family Coverage: $18,200

 Self-Only Coverage: $8,700

Family Coverage: $17,400

Excepted Benefit HRA

 Maximum Annual Contribution $2,100 Maximum Annual Contribution $1,950 Maximum Annual Contribution $1,800

QSE HRA Maximum Reimbursement

 Self-Only Coverage: TBD

Family Coverage: TBD

 Self-Only  Coverage: $5,850

Family Coverage: $11,800

 Self-Only  Coverage: $5,450

Family Coverage: $11,050

Health Plan Fees

PCORI Fee

Applicable Dollar Amount

Policy and plan years ending on or after Oct. 1, 2023, and before Oct. 1, 2024

 $3.22

Policy and plan years ending on or after Oct. 1, 2022, and before Oct. 1, 2023

 $3.00
 

Policy and plan years ending on or after Oct. 1, 2021, and before Oct. 1, 2022

 $2.79

Policy and plan years ending on or after Oct. 1, 2020, and before Oct. 1, 2021

 $2.66

Policy and plan years ending on or after Oct. 1, 2019, and before Oct. 1, 2020

 $2.54

Policy and plan years ending on or after Sept. 30, 2018, and before Oct. 1, 2019

 $2.45

 

Employer-Sponsored Health Plan Affordability Limits

 

2024

2023

2022
Plan Year Federal Poverty Line

 $14,580 $13,590 $12,880
Affordability Percentage

 8.39% 9.12% 9.61%
Maximum Monthly Contribution

 $101.94 $103.28 $103.15

 

401(k) Retirement Plan Limits

2023

2022

2021

Maximum Participant Contributions

A 401(k) plan participant may make 401(k) deferrals up to a maximum amount each year. This limit is sometimes referred to as the “elective deferral limit” or the “402(g) limit.”

 $22,500 $20,500 $19,500

Maximum Catch-up Participant Contributions

The law also allows participants who are or will be age 50 by the end of the year to elect to make additional deferrals, referred to as “catch-up contributions” up to a certain maximum each year.

 $7,500 $6,500 $6,500

Maximum Contribution Limit

 $66,000 $61,000 $58,000

Maximum Catch-up Contribution Limit

For employees who reach age 50 or above during the year.

 $73,500 $67,500 $64,500

Limit on Compensation Considered When Determining Employer Contributions

 $330,000 $305,000 $290,000

Testing: Highly Compensated Employee

The dollar limit threshold for determining who is a “highly compensated employee.”

 $150,000 $135,000 $130,000

Testing: Key Employee

The dollar limit threshold for determining who is a “key employee.”

 $215,000 $200,000 $185,000