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IRS Releases 2024 Limits for QSEHRA, Health FSA and Commuter Benefits

Tax Law

By: Gene Ennis
November 03, 2023

IRS 2024 Limits FSA, QSEHRA, Commuter:

The IRS released IRS Revenue Procedure 2023-34 which contains its 2024 inflation adjusted maximum contribution limits for health FSAs, commuter benefits, adoption assistance, QSEHRAs, and more.  They also increased the health FSA carryover limit for 2024.

Among the tax provisions of importance to Core Documents’ clients are those relating to the health FSAs, commuter benefits, adoption assistance and the QSEHRA. Below are some of the highlights for 2024.

The new 2024 limits are:

2024 Limits 2023 Limits
Health FSA $3,200 $3,050
FSA carryover $640 $610
Commuter Benefits $300 $280
Adoption assistance $16,810 per year $15,950
Qualified Small Employer HRA – QSEHRA
Self-Only Coverage $6,150 $5,850
Family Coverage $12,450 $11,800

Health Savings Account and High Deductible Health Plan Limits

Earlier this year, the IRS in IRS Revenue Procedure 2023-23 announced the inflation-adjusted amounts for health savings account and high-deductible health plans for 2024.  The HSA limit for self-only/family coverage will increase to $4,150 and $8,300, respectively for 2024. The maximum annual out-of-pocket expense limits for high deductible health plans for self-only and family coverage will increase in 2024. The minimum annual deductible for self-only and family coverage will also increase in 2024.

2024 Health Savings Accounts/HDHP Limits

2023 Limits 2022 Limits
HSA Contribution — Annual Contribution Limit
Self-Only Coverage $4,150 $3,850
Family Coverage $8,300 $7,750
Catch-Up Contributions (age 55 or older) $1,000 $1,000
High Deductible Health Plan – Minimum Annual Deductible
Self-Only Coverage $1,600 $1,500
Family Coverage $3,200 $3,000
High Deductible Health Plan – Maximum Out of Pocket Limit
Self-Only Coverage $8,050 $7,500
Family Coverage $16,100 $15,00

Employers should review their various benefit plan documents such as the HSA, QSEHRA, health fsa, qualified transportation fringe benefits and adoption assistance plans to ensure that the increased limits are properly stated and implemented for 2024.


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