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 $__/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*

Bolton 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.

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