Keenan Briefings

Limits on Benefits and Contributions:

• Defined benefit plan, basic limit
• Defined contribution plan, basic limit
• 401(k) and 403(b) plans, elective deferrals
• 457(b) plans, elective deferrals
• SIMPLE plans, elective deferrals
• Annual compensation limit

$265,000
$66,000
$22,500
$22,500
$15,500
$330,000

$275,000
$69,000
$23,000
$23,000
$16,000
$345,000

Catch-Up Contributions

• 401(k), 403(b) or governmental 457 plans
• SIMPLE plans

$7,500
$3,500

$7,500
$3,500

"Highly Compensated" Definition

$150,000

$155,000

"Officer Or "Key Employee" Definition

$150,000

$220,000

Contributions

• Individual
• Family

$3,850
$7,750

$4,150
$8,300

Minimum Annual Deductible

• Self-Only
• Family

$1,500
$3,000

$1,600
$3,200

Out-of-Pocket Maximums (OOPM)

• Self-Only
• Family

$7,500
$15,000

$8,050
$16,100

Post-55 Catch-Up Limit

$1,000

$1,000

Out-of-Pocket Maximums (OOPM)

• Self-Only
• Other than self-only coverage

$9,100
$18,200

$9,450
$18,900

Part A (Hospital Insurance):

• Inpatient deductible
• Daily Coinsurance, Days 61-90
• Daily Coinsurance, Days 91-150 Life Reserve
• Daily Coinsurance, Skilled Nursing Facility¹

$1,600
$400
$800

$200

$1,632
$408
$816

$204

Part B (Supplementary Medical Insurance):

• Monthly premium
• Deductible

$164.90
$226

$174.70
$240

Part D (Prescription Drug Benefit):

• Base Part D Premium
• Maximum Annual Deductible
• Initial Coverage Limit
• Annual Out-Of-Pocket Threshold
• Minimum Copayment For Costs Above The Annual Out-Of-Pocket Threshold

$32.74
$505
$4,660
$7,400
$4.15 generic $10.35 other

$34.70
$545
$5,030
$8,000 
Copays Eliminated in 2024

Individual Deductible Range
Individual Out-Of-Pocket Maximum
Family Deductible Range
Family Out-Of-Pocket Maximum

$2,650-$3,950
$5,300
$5,300-$7,900
$9,650

$2,800-$4,150
$5,500
$5,500-$8,350
$10,200

Age

• 40 or less
• 41-50
• 51-60
• 61-70
• Over 70

$480
$890
$1,790
$4,770
$5,960

$470
$880
$1,760
$4,710
$5,800

Dependent Care
Medical

$5,000
$3,050

$5,000
$3,200

Medical FSA Carryover Limit

$610

$640

Parking
Transit Pass/Commuter Vehicle

$300
$300

$315
$315

Officer Compensation
Employee Compensation

$130,000
$265,000

$135,000
$275,000

4980H(a) Penalty

$2,880

$2,970

4980H(b)

$4,320

$4,460

FPL Affordability Safe Harbors

• FPL for Single individual
• Maximum monthly contribution

$13,590
$103.28

$14,580
$101.94

Affordability

• Affordability threshold under 4980H affordability safe harbors
• Affordability threshold for eligibility of premium tax credits

9.12%

9.12%

8.39%

8.39%

PCORI Fee (per covered life)

$2.79⁴

$3.00⁵