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
 
 




2022 Key Numbers

 

Protection Planning

Eligible long-term care premium deduction limits:

LTC premium deduction limits20212022
Age 40 or under$450 $450
Age 41-50$850$850
Age 51-60$1,690$1,690
Age 61-70$4,520$4,510
Over age 70$5,640$5,640

Per diem limit:

LTC periodic payments20212022
Periodic payments for qualified long-term care insurance/certain life insurance$400 $390

Archer Medical Savings Accounts

High deductible health plan--self-only coverage20212022
Annual deductible--minimum$2,400 $2,450
Annual deductible--maximum$3,600$3,700
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed$4,800 $4,950
High deductible health plan--family coverage20212022
Annual deductible--minimum$4,800 $4,950
Annual deductible--maximum$7,150$7,400
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed$8,750 $9,050

Flexible spending account (FSA) for health care

Health care FSAs20212022
Maximum salary reduction contribution$2,750$2,850

Health Savings Accounts (HSAs)

Annual contribution limit20212022
Self-only coverage$3,600 $3,650
Family coverage$7,200$7,300
High deductible health plan--self-only coverage20212022
Annual deductible--minimum$1,400$1,400
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed$7,000$7,050
High deductible health plan--family coverage20212022
Annual deductible--minimum $2,800$2,800
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed$14,000$14,100
Catch-up contributions20212022
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 2021.