What are the financial limits for ICHRA employers?

For 2024, health reimbursement limits vary based on the type of arrangement.

Individual Coverage Health Reimbursement Arrangement (ICHRA): There is no set limit, allowing employers to offer any tax-free allowance amount for employees to purchase insurance.

Health Savings Accounts (HSAs) have contribution limits of $4,150 for self-only and $8,300 for family plans.

Flexible Spending Accounts (FSAs) allow contributions of up to $3,200 per employee, with an additional $3,200 for a spouse.