Limits & Annual Fees
 |
Health Plan Affordability Limits
Prescription Drug Benefit Parameters
Health Plan Limits
2024 |
2023 |
2022 |
|
Health FSA Annual Contribution MaximumEach year the maximum FSA salary reduction is indexed to the Consumer Price Index. |
TBD | $3,050 |
$2,850 |
Health FSA Rollover MaximumThis represents the maximum amount that can be carried over from the previous year into the year listed on the right. |
TBD | $610 | $570 |
HSA Annual Contribution MaximumHSA 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 DeductibleAn 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 ExpensesAn 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
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 |
2024 |
2023 |
2022 |
| Deductible | $545 | $505 | $480 |
| Initial Coverage Limit | $5,030 | $4,660 | $4,430 |
| Out-of-Pocket Threshold | $8,000 | $7,400 | $7,050 |
| Total covered Part D spending at the out-of-pocket expense threshold for beneficiaries who are not eligible for the coverage gap discount program | $11,477.39 | $10,516.25 | $10,012.50 |
| Estimated total covered Part D spending at the out-of-pocket expense threshold for beneficiaries who are eligible for the coverage gap discount program | $12,447.11 | $11,206.28 | $10,690.20 |
| Minimum cost-sharing under the catastrophic coverage portion of the benefit for generic/preferred multi-source drugs | N/A | $4.15 | $3.95 |
| Minimum cost-sharing under the catastrophic coverage portion of the benefit for all other drugs | N/A | $10.35 | $9.85 |
401(k) Retirement Plan Limits
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