Benefit Plan Limits
HR Benefit Plan Limits and Thresholds
Pursuant to IRS Guidelines
On April 29, 2022 the IRS announced the 2023 Health Savings Account contribution limit and Excepted Benefit HRA increases within their release of Revenue Procedure 2022-24.
On October 18, 2022 the IRS announced the 2023 tax-exclusion limits for FSA’s, Commuter Benefits and QSEHRA’s within their release of Revenue Procedure 2022-38.
See below for all current benefit plan limits.
| Flexible Spending Accounts (FSAs) Benefit Plan Limits | 2023 | 2022 | 2021 |
|---|---|---|---|
| Health FSA Max Election | $3,050 | $2,850 | $2,750 |
| Dependent Care FSA Max Election (married, filing jointly) | $5,000 | $5,000 | $5,000 |
| Rollover Allowance | $610 | $570 | $550 |
| Health Savings Accounts (HSAs) Benefit Plan Limits | 2023 | 2022 | 2021 |
|---|---|---|---|
| HDHP Min. Annual Deductible – Single | $1,500 | $1,400 | $1,400 |
| HDHP Min. Annual Deductible – Family | $3,000 | $2,800 | $2,800 |
| HDHP Out of Pocket Max – Single | $7,500 | $7,050 | $7,000 |
| HDHP Out of Pocket Max – Family | $15,000 | $14,100 | $14,000 |
| HSA Max Contribution Limit – Single | $3,850 | $3,650 | $3,600 |
| HSA Max Contribution Limit – Family | $7,750 | $7,300 | $7,200 |
| HSA Catch-Up Contribution Limit | $1,000 | $1,000 | $1,000 |
| Commuter Benefit Plan Limits | 2023 | 2022 | 2021 |
|---|---|---|---|
| Qualified Parking | $300/mo | $280/mo | $270/mo |
| Transit passes and van pool services (employer + employee) | $300/mo | $280/mo | $270/mo |
| QSEHRA Limits (Maximum payments and reimbursementsreimb.) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Self-only | $5,850 | $5,450 | $5,300 |
| Family | $11,800 | $11,050 | $10,700 |
| Excepted Benefit HRA (EBHRA) Plan Limits | 2023 | 2022 | 2021 |
|---|---|---|---|
| Maximum Benefit | $1,950 | $1,800 | $1,800 |
