LivingStone Wealth Planning

T. Spencer Metcalf, MBA, CFP®
President
104 Whitsett Street
Greenville, SC 29601
864-520-8000
spencer@livingstonewealth.com
www.livingstonewealth.com

July 26, 2018

2018 Key Numbers
 

Protection Planning

Eligible long-term care premium deduction limits:

LTC premium deduction limits20192020
Age 40 or under$420 $430
Age 41-50$790$810
Age 51-60$1,580$1,630
Age 61-70$4,220$4,350
Over age 70$5,270$5,430

Per diem limit:

LTC periodic payments20192020
Periodic payments for qualified long-term care insurance/certain life insurance$370 $380

Archer Medical Savings Accounts

High deductible health plan--self-only coverage20192020
Annual deductible--minimum$2,350 $2,350
Annual deductible--maximum$3,500$3,550
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed$4,650 $4,750
High deductible health plan--family coverage20192020
Annual deductible--minimum$4,650 $4,750
Annual deductible--maximum$7,000$7,100
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed$8,550$8,650

Flexible spending account (FSA) for health care

Health care FSAs20192020
Maximum salary reduction contribution$2,700 $2,750

Health Savings Accounts (HSAs)

Annual contribution limit20192020
Self-only coverage$3,500 $3,550
Family coverage$7,000 $7,100
High deductible health plan--self-only coverage20192020
Annual deductible--minimum$1,350 $1,400
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed$6,750$6,900
High deductible health plan--family coverage20192020
Annual deductible--minimum$2,700$2,800
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed $13,500 $13,800
Catch-up contributions20192020
Annual catch-up contribution limit for individuals age 55 or older$1,000 $1,000
Refer a friend To find out more click here

Investment adviser representative and registered representative of, and securities and investment advisory services offered through Voya Financial Advisors, Inc. (member SIPC).

LivingStone Wealth Planning is not a subsidiary of nor controlled by Voya Financial Advisors.

This information was prepared by Broadridge Investor Communication Solutions, Inc. and has been made available for Voya Financial Advisors’ representatives for distribution to the public for educational information only. Broadridge Investor Communication Solutions, Inc. is not affiliated with nor controlled by Voya Financial Advisors. The opinions/views expressed within are that of Broadridge Investor Communication Solutions, Inc. and do not necessarily reflect those of Voya Financial Advisors or its representatives. In addition, they are not intended to provide specific advice or recommendations for any individual. Neither Voya Financial Advisors nor its representatives provide tax or legal advice. You should consult with your financial professional, attorney, accountant or tax advisor regarding your individual situation prior to making any investment decisions.

Prepared by Broadridge Advisor Solutions Copyright 2020.