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
 
 




2021 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


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 2020.