Pension Corporation of America

Wealth Management
Pension Corporation of America
2133 Luray Avenue
Cincinnati, OH 45206
513-281-3366
fax 513-281-1799
fax 513-281-1799
wealthmanagement@pencorp.com
www.pencorp.com

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April 25, 2023

2023 Key Numbers
 

Protection Planning

Eligible long-term care premium deduction limits:

LTC premium deduction limits20242025
Age 40 or under$470$480
Age 41-50$880$900
Age 51-60$1,760$1,800
Age 61-70$4,710$4,810
Over age 70$5,880$6,020

Per diem limit:

LTC periodic payments20242025
Periodic payments for qualified long-term care insurance/certain life insurance$410$420

Archer Medical Savings Accounts

High deductible health plan--self-only coverage20242025
Annual deductible--minimum$2,800$2,850
Annual deductible--maximum$4,150$4,300
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed$5,550$5,700
High deductible health plan--family coverage20242025
Annual deductible--minimum$5,550$5,700
Annual deductible--maximum$8,350$8,550
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed$10,200$10,500

Flexible spending account (FSA) for health care

Health care FSAs20242025
Maximum salary reduction contribution$3,200 $3,300

Health Savings Accounts (HSAs)

Annual contribution limit20242025
Self-only coverage$4,150$4,300
Family coverage$8,300 $8,550
High deductible health plan--self-only coverage20242025
Annual deductible--minimum$1,600 $1,650
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed$8,050 $8,300
High deductible health plan--family coverage20242025
Annual deductible--minimum$3,200 $3,300
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed$16,100 $16,600
Catch-up contributions20242025
Annual catch-up contribution limit for individuals age 55 or older$1,000 $1,000
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Advisory Services Offered Through PCA Investment Advisory Services, Inc.
Securities Offered Through L.M Kohn & Company 10151 Carver Road, Ste. 100., Cincinnati, OH 45242
Member FINRA/SIPC And a Registered Broker-Dealer not affiliated with PCA Investment Advisory Services, Inc.

Prepared by Broadridge Advisor Solutions Copyright 2024.