2022 |
2021 |
2020 |
|
Flexible Spending Accounts (FSAs) |
|||
| Health FSA Maximum Election | $2,850 | $2,750 | $2,750 |
| Dependent Care FSA Maximum Election | TBD | $5,000 | $5,000 |
| Transportation Benefits | |||
| Parking Account | $280/mo. | $270/mo. | $270/mo. |
| Transit Account | $280/mo. | $270/mo. | $270/mo. |
Health Savings Accounts (HSAs) |
|||
| Minimum Annual Deductible – Single | $1,400 | $1,400 | $1,400 |
| Minimum Annual Deductible – Family | $2,800 | $2,800 | $2,800 |
| Out-of-Pocket Maximum – Single | $7,050 | $7,000 | $6,900 |
| Out-of-Pocket Maximum – Family | $14,100 | $14,000 | $13,800 |
| HSA Maximum Contribution Limit – Single | $3,650 | $3,600 | $3,550 |
| HSA Maximum Contribution Limit – Family | $7,300 | $7,200 | $7,100 |
| HSA Catch-Up Contribution Limit (age 55+) | $1,000 | $1,000 | $1,000 |
| *Reverted back to $6900 04/27/18, per IRS. |
|||
Qualified Small Employer HRA (QSEHRA) |
|||
| Single | $5,450 $454.17/month |
$5,300 $441.67/mo. |
$5,250 $437.50/mo. |
| Family | $11,050 $920.83/mo |
$10,700 $891.67/mo. |
$10,000 $883.33/mo. |
2022 |
2021 |
2020 |
|
PCORI Fee (fee is per member, not per employee, per year) |
|||
| TBD | $2.66 | $2.54 | |
Plan Out-Of-Pocket Maximums |
|||
| Single | TBD | $8,550 | $8,150 |
| Family | TBD | $17,100 | $16,300 |
Cadillac Tax Thresholds (aka, 40% Excise Tax on High Cost Employer-Provided Coverage) — on hold until 2022 |
|||
| Single | TBD | TBD | TBD |
| Family | TBD | TBD | TBD |
Employer Shared Responsibility “Pay or Play” Penalties — only applies to Applicable Large Employers |
|||
| Penalty is the LESSER OF the two below: | |||
| 1.) Employer not offering coverage to at least 95% of full-time (FT) employees and their dependents (calculation = # FT employees employed each month (minus up to 30)) | |||
| TBD | $2,700/FT employee/year | $2,750/FT employee/year | |
| TBD | $225/FT employee/mo | $229.17/FT employee/mo | |
| OR | |||
| 2.) Offering coverage that is not “affordable**” or doesn’t provide Minimum Value (calculation = # FT employees who receive a premium tax credit x # of months) | |||
| TBD | TBD | $3,860/FT employee/year | |
| TBD | TBD | $321.66/FT employee/mo | |
| **Affordability thresholds for lowest-cost self-only option | TBD | TBD | 9.78% |
Employee Headcount |
Applicable Guidelines |
|
2-50 |
Defined as Small Group |
|
51-99 |
Defined as Large Group |
|
<20 |
Medicare pays primary to employer plan when applicable |
|
20+ |
|
|
50 |
If 50+ employees reside within a 75-mile radius of the headquarters, the employer is subject to Family Medical Leave (FML) rules. |
|
50 Full-Time Equivalents |
If group is an Applicable Large Employer as defined by ACA rules, group is subject to ACA Employer Reporting and coverage rules or penalties. |