Each year the IRS announces updates to contribution limits for Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), Health Reimbursement Arrangements (HRA), and other tax-advantaged accounts. Here’s a look at what’s changing:
2024
2023
Health FSA Max
TBA
$3,050
Rollover Max
TBA
$610
DCAP Max*
TBA
$2,500 / $5,000
HSA:Max Contribution Limit
$4,150Self-Only $8,300Family
$3,850Self-Only $7,750Family
HSA:Catch-Up Contribution Limit
$1000
$1000
HSA: HDHP Out-of-Pocket Max
$8,050Self-Only $16,100Family
$7,500Self-Only $15,000Family
HSA: HDHP Minimum Annual Deductible
$1,600Self-Only $3,200Family
$1,500Self-Only $3,000Family
Commuter: Parking
TBA
$300/month
Commuter: Transit Passes & Vanpooling (Combined)
TBA
$300/month
QSEHRA
TBA
$5,850Single $11,800Family
EBHRA
$2,100
$1,950
Educational Assistance – Max Income Exclusion
TBA
$5,250
Health FSA Mileage
TBA
$.22
Highly Compensated Employee Dollar Threshold
TBA
$150,000
Key Employee Dollar Threshold
TBA
$215,000
Health Savings Account (HSA) contribution increases:
Significant contribution increases will allow employees to save more with their HSAs next year. The increases will take effect in January 2024 and are outlined in more detail in this IRS announcement article. For HSA details and answers to FAQs, visit our ultimate guide.