Limits & Annual Fees


Reference

 

Health Plan Limits

Health Plan Fees

Health Plan Affordability Limits

Prescription Drug Benefit Parameters

401(k) Retirement Plan Limits

 

Health Plan Limits

2023

2022

2021

Health FSA Annual Contribution Maximum

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

Not Available
$2,750 $2,750

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.

Not Available $570 $550

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: $3,850


Family Coverage: $7,750

Self-Only Coverage: $3,650


Family Coverage: $7,300

Self-Only Coverage: $3,600


Family Coverage: $7,200

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: $1,500


Family Coverage: $3,000

Self-Only Coverage: $1,400


Family Coverage: $2,800

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: $7,500


Family Coverage: $15,000

Self-Only Coverage: $7,050


Family Coverage: $14,100

Self-Only Coverage: $7,000


Family Coverage: $14,000

ACA Annual Out-of-Pocket Maximums

 

 Self-Only Coverage: $9,100


Family Coverage: $18,200

Self-Only Coverage: $8,700


Family Coverage: $17,400

Self-Only Coverage: $8,550


Family Coverage: $17,100

Excepted Benefit HRA

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

QSE HRA Maximum Reimbursement

Not Available Self-Only  Coverage: $5,450


Family Coverage: $11,050

Self-Only Coverage: $5,300


Family Coverage: $10,700

Health Plan Fees

PCORI Fee

Applicable Dollar Amount

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

Policy and plan years ending on or after Sept. 30, 2017, and before Oct. 1, 2018

$2.39

Policy and plan years ending on or after Sept. 30, 2016, and before Oct. 1, 2017

$2.26

Policy and plan years ending on or after Sept. 30, 2015, and before Oct. 1, 2016

$2.17

Policy and plan years ending on or after Sept. 30, 2014, and before Oct. 1, 2015

$2.08

 

Employer-Sponsored Health Plan Affordability Limits

 

2023

2022

2021

Prior Year Federal Poverty Line

$13,590 $12,880 $12,760
Affordability Percentage

9.12% 9.61% 9.83%
Maximum Monthly Contribution

$103.28 $103.15 $104.52

 

Medicare Part D Prescription Drug Benefit Parameters

These parameters will be used by group health plan sponsors to determine whether their plans’ prescription drug coverage is creditable

2023

2022

2021

Deductible  $505  $480  $445
Initial Coverage Limit  $4,660  $4,430  $4,130
Out-of-Pocket Threshold  $7,400  $7,050  $6,5350
Total covered Part D spending at the out-of-pocket expense threshold for beneficiaries who are not eligible for the coverage gap discount program  $10,516.25  $10,012.50  $9,313.75
Estimated total covered Part D spending at the out-of-pocket expense threshold for beneficiaries who are eligible for the coverage gap discount program $11,206.28 $10,690.20 $10,048.39
Minimum cost-sharing under the catastrophic coverage portion of the benefit for generic/preferred multi-source drugs $4.15 $3.95 $3.70
Minimum cost-sharing under the catastrophic coverage portion of the benefit for all other drugs $10.35 $9.85 $9.20

 

401(k) Retirement Plan Limits

2022

2021

2020

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.”

$20,500 $19,500 $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.

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

Maximum Contribution Limit

$61,000 $58,000 $57,000

Maximum Catch-up Contribution Limit

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

$67,500 $64,500 $63,500

Limit on Compensation Considered When Determining Employer Contributions

$305,000 $290,000 $285,000

Testing: Highly Compensated Employee

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

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

Testing: Key Employee

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

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