Eggert Financial Management, Inc.

Cultivating Wealth, Shaping Legacies
Bill Eggert, CFP®, NSSA®
President
7200 S. Alton Way
Suite A-210
Centennial, CO 80112
303-414-0400
info@eggertfinancial.net
www.eggertfinancial.net

February 24, 2020

2020 Key Numbers
 

Protection Planning

Eligible long-term care premium deduction limits:

LTC premium deduction limits20202021
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 payments20202021
Periodic payments for qualified long-term care insurance/certain life insurance$380$400

Archer Medical Savings Accounts

High deductible health plan--self-only coverage20202021
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 coverage20202021
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 FSAs20202021
Maximum salary reduction contribution$2,750$2,750

Health Savings Accounts (HSAs)

Annual contribution limit20202021
Self-only coverage$3,550 $3,600
Family coverage$7,100 $7,200
High deductible health plan--self-only coverage20202021
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 coverage20202021
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 contributions20202021
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 2020.