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.
2023 |
2022 |
2021 |
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| Flexible Spending Accounts (FSAs) | ||||
| Healthcare FSA max election (per year) | $2,850 | $2,750 | ||
| Dependent Care FSA max election (per year) | $5,000* | $10,500 | ||
| Standard healthcare mileage rate | TBA | $.16/mile | ||
| Healthcare FSA Carryover | $570** | Unlimited | ||
| Dependent Care FSA Carryover | N/A*** | Unlimited | ||
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| Health Savings Accounts (HSAs) | ||||
| HDHP min annual deductible - Self-only | $1,500 | $1,400 | $1,400 | |
| HDHP min annual deductible - Family | $3,000 | $2,800 | $2,800 | |
| HDHP out-of-pocket max - Self-only | $7,500 | $7,050 | $7,000 | |
| HDHP out-of-pocket max - Family | $15,000 | $14,100 | $14,000 | |
| HSA max contribution limit - Self-only | $3,850 | $3,650 | $3,600 | |
| HSA max contribution limit - Family | $7,750 | $7,300 | $7,200 | |
| HSA catch up contribution limit (age 55) | $1,000 | $1,000 | $1,000 | |
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| Transportation Benefits | ||||
| Parking Account | $280/mo | $270/mo | ||
| Transit Account | $280/mo | $270/mo | ||
| Qualified Small Employer HRA (QSEHRA) | ||||
| Single | $5,450 $454.17/mo |
$5,300 $441.67/mo |
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| Family | $11,050 $920.83/mo |
$10,700 $891.67/mo |
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Excepted Benefit HRA (EBHRA) |
$1,950 | $1,800 | $1,800 |
- *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).
- **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.
- ***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.)