 |  | | | | | Protection PlanningEligible long-term care premium deduction limits:
| LTC premium deduction limits | 2020 | 2021 |
|---|
| Age 40 or under | $430
| $450
| | Age 41-50 | $810 | $850 | | Age 51-60 | $1,630 | $1,690 | | Age 61-70 | $4,350 | $4,520 | | Over age 70 | $5,430 | $5,640 |
Per diem limit:
| LTC periodic payments | 2020 | 2021 |
|---|
| Periodic payments for qualified long-term care insurance/certain life insurance | $380 | $400
|
Archer Medical Savings Accounts
| High deductible health plan--self-only coverage | 2020 | 2021 |
|---|
| Annual deductible--minimum | $2,350
| $2,400
| | Annual deductible--maximum | $3,550 | $3,600 | | Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed | $4,750
| $4,800
|
| High deductible health plan--family coverage | 2020 | 2021 |
|---|
| Annual deductible--minimum | $4,750
| $4,800
| | Annual deductible--maximum | $7,100 | $7,150 | | Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed | $8,650 | $8,750
|
Flexible spending account (FSA) for health care
| Health care FSAs | 2020 | 2021 |
|---|
| Maximum salary reduction contribution | $2,750 | $2,750
|
Health Savings Accounts (HSAs)
| Annual contribution limit | 2020 | 2021 |
|---|
| Self-only coverage | $3,550
| $3,600
| | Family coverage | $7,100
| $7,200 |
| High deductible health plan--self-only coverage | 2020 | 2021 |
|---|
| Annual deductible--minimum | $1,400
| $1,400 | | Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed | $6,900 | $7,000 |
| High deductible health plan--family coverage | 2020 | 2021 |
|---|
| Annual deductible--minimum | $2,800 |
$2,800 | | Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed |
$13,800
| $14,000 |
| Catch-up contributions | 2020 | 2021 |
|---|
| Annual catch-up contribution limit for individuals age 55 or older | $1,000
| $1,000
|
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| | | | | Eggert Financial Management, Inc. is an Investment Advisory firm regulated by the State of Colorado. | | Prepared by Broadridge Advisor Solutions Copyright 2021. |
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