Honu Wealth Management
Garth A Williams, MBA, CFP®
Financial Advisor
1307 S Mary Ave, Suite 101
Sunnyvale, CA 94087
650-917-3400
garth@honuwealth.com
www.HonuWealth.com
 
 




2023 Key Numbers

 

Protection Planning

Eligible long-term care premium deduction limits:

LTC premium deduction limits20222023
Age 40 or under$450$480
Age 41-50$850$890
Age 51-60$1,690$1,790
Age 61-70$4,510$4,770
Over age 70$5,640$5,960

Per diem limit:

LTC periodic payments20222023
Periodic payments for qualified long-term care insurance/certain life insurance$390$420

Archer Medical Savings Accounts

High deductible health plan--self-only coverage20222023
Annual deductible--minimum$2,450$2,650
Annual deductible--maximum$3,700$3,950
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed$4,950$5,300
High deductible health plan--family coverage20222023
Annual deductible--minimum$4,950$5,300
Annual deductible--maximum$7,400$7,900
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed$9,050 $9,650

Flexible spending account (FSA) for health care

Health care FSAs20222023
Maximum salary reduction contribution$2,850 $3,050

Health Savings Accounts (HSAs)

Annual contribution limit20222023
Self-only coverage$3,650 $3,850
Family coverage$7,300 $7,750
High deductible health plan--self-only coverage20222023
Annual deductible--minimum$1,400 $1,500
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed$7,050 $7,500
High deductible health plan--family coverage20222023
Annual deductible--minimum$2,800 $3,000
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed$14,100 $15,000
Catch-up contributions20222023
Annual catch-up contribution limit for individuals age 55 or older$1,000 $1,000


This information was developed by Forefield, Inc. an independent third party. It is general in nature, is not a complete statement of all information necessary for making an investment decision, and is not a recommendation or a solicitation to buy or sell any security. Investments and strategies mentioned may not be suitable for all investors. Past performance may not be indicative of future results.
Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2022.