January 2024 In the Loop 2024 Limits to Know Nearly 7% of American Adults Many bene昀椀ts plans have updated limits for the new Have Had Long COVID calendar year. Understanding these limits can help New data released by the U.S. Centers for Disease you successfully manage your 昀椀nances in the new Control and Prevention’s (CDC) National Center for year. Review the following limits to understand how Health Statistics found that 6.9% of American adults these changes may impact you in 2024. reported having long COVID-19 in 2022, and 3.4% In 2024, 401(k) limits for pre-tax contributions will be currently had the condition at the time of the survey. $23,000, up $500 from 2023. Catch-up contributions This represents 18 million and 8.8 million Americans, will remain the same at $7,500. respectively. High deductible health plans (HDHPs) will have a What Is Long COVID? minimum deductible of $1,600 for single coverage and Long COVID occurs when individuals continue to $3,200 for family coverage. This is an increase of $100 experience COVID-19 symptoms at least four weeks and $200, respectively. Additionally, HDHPs’ maximum after infection. This condition can last weeks, months out-of-pocket costs will increase to $8,050 for single or years and includes a wide range of symptoms, coverage and $16,100 for family coverage, a $550 and including fatigue, fever, dif昀椀culty breathing, chest pain, $1,100 increase, respectively. sleep problems, dif昀椀culty thinking, and depression or anxiety. This can have adverse health and economic In 2024, health savings account limits on pre-tax con- consequences for impacted individuals. Research is tributions will increase to $4,150 for single coverage ongoing to discover what causes people to develop and $8,300 for family coverage. This is an increase of long COVID and treatment options for the condition. $300 and $550, respectively. Catch-up contributions What Does the Data Show? will remain the same at $1,000. The incidence rates of long COVID vary signi昀椀cantly Flexible spending account contribution limits will be by gender, age and race, according to the recently $3,200 in 2024, a $150 increase from 2023. released CDC data. Consider these 昀椀ndings: • Women (4.4%) were nearly twice as likely to report Contact HR for more bene昀椀ts information. long COVID than men (2.3%). • Adults aged 35-49 were the most likely to report © 2023 Zywave, Inc. All rights reserved.