10 Jan 2023 Key Numbers-Protection Planning
Posted at 04:16h
in
2022,
2023
by admin2017
2023 and 2022 numbers for LTC premium deduction limits, per diem limits, health savings accounts, flexible spending accounts and archer medical accounts.
Eligible long-term care premium deduction limits:
| LTC premium deduction limits |
2022 |
2023 |
| Age 40 or under |
$450 |
$480 |
| Age 41-50 |
$850 |
$890 |
| Age 51-60 |
$1,690 |
$1,790 |
| Age 61-70 |
$4,510 |
$4,770 |
| Over age 70 |
$5,640 |
$5,960 |
Per diem limit:
| LTC periodic payments |
2022 |
2023 |
| Periodic payments for qualified long-term care insurance/certain life insurance |
$390 |
$420 |
Archer Medical Savings Accounts
| High deductible health plan–self-only coverage |
2022 |
2023 |
| Annual deductible–minimum |
$2,450 |
$2,650 |
| Annual deductible–maximum |
$3,700 |
$3,950 |
| Annual out-of-pocket expenses required to be paid (other than for premiums) can’t exceed |
$4,950 |
$5,300 |
| High deductible health plan–family coverage |
2022 |
2023 |
| Annual deductible–minimum |
$4,950 |
$5,300 |
| Annual deductible–maximum |
$7,400 |
$7,900 |
| Annual out-of-pocket expenses required to be paid (other than for premiums) can’t exceed |
$9,050 |
$9,650 |
Flexible spending account (FSA) for health care
| Health care FSAs |
2022 |
2023 |
| Maximum salary reduction contribution |
$2,850 |
$3,050 |
Health Savings Accounts (HSAs)
| Annual contribution limit |
2021 |
2022 |
| Self-only coverage |
$3,650 |
$3,850 |
| Family coverage |
$7,300 |
$7,750 |
| High deductible health plan–self-only coverage |
2022 |
2023 |
| Annual deductible–minimum |
$1,400 |
$1,500 |
| Annual out-of-pocket expenses required to be paid (other than for premiums) can’t exceed |
$7,050 |
$7,500 |
| High deductible health plan–family coverage |
2022 |
2023 |
| Annual deductible–minimum |
$2,800 |
$3,000 |
| Annual out-of-pocket expenses required to be paid (other than for premiums) can’t exceed |
$14,100 |
$15,000 |
| Catch-up contributions |
2022 |
2023 |
| Annual catch-up contribution limit for individuals age 55 or older |
$1,000 |
$1,000 |
| This information was developed by Broadridge, an independent third party. It is general in nature, is not a complete statement of all information necessary for making an investment decision, and is not a recommendation or a solicitation to buy or sell any security. Investments and strategies mentioned may not be suitable for all investors. Past performance may not be indicative of future results.
Prepared by Broadridge Advisor Solutions Copyright 2022. |
