| | | | | Protection PlanningEligible long-term care premium deduction limits:
LTC premium deduction limits | 2023 | 2024 |
---|
Age 40 or under | $480 | $470 | Age 41-50 | $890 | $880 | Age 51-60 | $1,790 | $1,760 | Age 61-70 | $4,770 | $4,710 | Over age 70 | $5,960 | $5,880 |
Per diem limit:
LTC periodic payments | 2023 | 2024 |
---|
Periodic payments for qualified long-term care insurance/certain life insurance | $420 | $410 |
Archer Medical Savings Accounts
High deductible health plan--self-only coverage | 2023 | 2024 |
---|
Annual deductible--minimum | $2,650 | $2,800 | Annual deductible--maximum | $3,950 | $4,150 | Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed | $5,300 | $5,550 |
High deductible health plan--family coverage | 2023 | 2024 |
---|
Annual deductible--minimum | $5,300 | $5,550 | Annual deductible--maximum | $7,900 | $8,350 | Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed | $9,650 | $10,200 |
Flexible spending account (FSA) for health care
Health care FSAs | 2023 | 2024 |
---|
Maximum salary reduction contribution | $3,050
| $3,200 |
Health Savings Accounts (HSAs)
Annual contribution limit | 2023 | 2024 |
---|
Self-only coverage | $3,850 | $4,150 | Family coverage | $7,750 | $8,300 |
High deductible health plan--self-only coverage | 2023 | 2024 |
---|
Annual deductible--minimum | $1,500 | $1,600 | Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed | $7,500 | $8,050 |
High deductible health plan--family coverage | 2023 | 2024 |
---|
Annual deductible--minimum | $3,000 | $3,200 | Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed | $15,000 | $16,100 |
Catch-up contributions | 2023 | 2024 |
---|
Annual catch-up contribution limit for individuals age 55 or older | $1,000
| $1,000
|
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