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Benefit Limits

Tax-Advantaged Plan Limits and Thresholds

The limits listed below reflect the regulatory limits allowed for each benefit account. Individuals/participants should refer to their Summary Plan Description (SPD) or check with their Plan Sponsor (employer) to understand their specific plan limits.

 

2022

2021

2020

Flexible Spending Accounts (FSAs)
Healthcare FSA max election (per year) $2,850 $2,750 $2,750
Dependent Care FSA max election (per year) $5,0001 $10,500 $5,000  
Standard healthcare mileage rate TBA $.16/mile $.17/mile
Healthcare FSA Carryover $5702 Unlimited Unlimited
Dependent Care FSA Carryover N/A3 Unlimited Unlimited

 

Health Savings Accounts (HSAs)
HDHP min annual deductible - Self-only $1,400 $1,400 $1,400
HDHP min annual deductible - Family $2,800 $2,800 $2,800
HDHP out-of-pocket max - Self-only $7,050 $7,000 $6,900
HDHP out-of-pocket max - Family $14,100 $14,000 $13,800
HSA max contribution limit - Self-only $3,650 $3,600 $3,550
HSA max contribution limit - Family $7,300 $7,200 $7,100
HSA catch up contribution limit (age 55) $1,000 $1,000 $1,000

 

Transportation Benefits
Parking Account $280/mo $270/mo $270/mo
Transit Account $280/mo $270/mo $270/mo
 
Qualified Small Employer HRA (QSEHRA)
Single $5,450
$454.17/mo
$5,300
$441.67/mo
$5,250
$437.50/mo
Family $11,500
$958.33/mo
$10,700  
$891.67/mo
$10,600
$883.33/mo
 

Excepted Benefit HRA (EBHRA)
After 2020, indexed for cost-of-living changes.

TBA $1,800 $1,800

  1. The American Rescue Plan Act (ARPA) increased the Dependent Care FSA contribution limit for calendar-year 2021 to $10,500. With the sunsetting of this provision and barring Congressional action or additional IRS guidance, we expect this limit will revert to $5,000 ($2,500 if married filing jointly).
  2. The unlimited carryover provision of the Consolidated Appropriations Act (CAA) applied to contributions made to plans ending in 2021. Those funds can be carried over to a plan ending in 2022 without penalty. Healthcare FSA funds contributed to a plan ending in 2022 may be carried over to 2023, but the max will be subject to the IRS limit of $570.
  3. For Dependent Care FSA, the carryover provision is removed, meaning unused funds contributed to a plan ending in 2022 will be forfeit. (Funds contributed to plans ending in 2021 may still be carried over to 2022.)
FSA - SECTION 125 - FLEXIBLE SPENDING ACCOUNTS | | HSA - HEALTH SAVINGS ACCOUNTS | COBRA ADMINISTRATION | FMLA ADMINISTRATION | ERISA ADMINISTRATION |