2024 health FSA, other health and fringe benefit limits now set 

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November 10, 2023
IRS Rev. Proc. 2023-34 gives the 2024 contribution and benefit limits for health flexible spending arrangements (FSAs), qualified small-employer health reimbursement a`rrangements (QSEHRAs), long-term care (LTC) policies, transportation fringe benefits and adoption assistance programs. The 2024 figures reflect the increase in the average chained Consumer Price Index for All Urban Consumers (C-CPI-U) for the 12 months ending Aug. 31, 2023, after applying statutory rounding rules.

Health FSA, QSEHRA and LTC limits

This table shows the 2024 adjusted amounts for health FSAs, QSEHRAs and qualified LTC policies, along with the limits for 2023 and 2022. The health FSA carryover limits shown reflect the maximum unused funds that can carry over to the next plan year.
  2024 2023 2022
Health FSA limits (IRC §125(i))
Maximum salary reduction contribution $3,200 $3,050 $2,850
Maximum health FSA carryover 640 610 570
QSEHRA limit (IRC § 9831(d))

Maximum annual benefit

Self-only coverage 6,150 5,850 5,450
Family coverage 12,450 11,800 11,050
Qualified LTC policy limits (IRC § 213(d) and 7702B(d)(4))
Premium limits at age
40 or younger 470 $480 $450
41–50 880 890 850
51–60 1,760 1,790 1,690
61–70 4,710 4,770 4,510
Older than 70 5,880 5,960 5,640
Per diem limit 410 420 390
The 2024 adjusted amounts for health savings accounts (HSAs), HSA-qualifying high-deductible health plans, excepted-benefit HRAs, out-of-pocket maximums in nongrandfathered group health plans and various indexed amounts for the ACA’s employer-shared responsibility provision were announced earlier this year.

Qualified transportation fringe benefits and adoption assistance programs

This table shows the 2024 adjusted figures for qualified transportation fringe and adoption assistance benefits set by Rev. Proc. 2023-34, along with amounts for 2023 and 2022.
  2024 2023 2022
Tax-free qualified transportation fringe benefits (IRC § 132 (f))
Monthly qualified parking, transit passes or commuter highway vehicles $315 $300 $280
Qualified adoption assistance programs (IRC § 137)
Exclusion for child with special needs (regardless of expenses incurred) 16,810 15,950 14,890
Aggregate dollar limit for all taxable years 16,810 15,950 14,890
Phaseout begins at modified AGI of 252,150 239,230 223,410
Phaseout completed at modified AGI of 292,150 279,230 263,410

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