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
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2021 Key Numbers
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| | Protection PlanningEligible long-term care premium deduction limits:
| LTC premium deduction limits | 2020 | 2021 |
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| 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 payments | 2020 | 2021 |
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| Periodic payments for qualified long-term care insurance/certain life insurance | $380 | $400
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Archer Medical Savings Accounts
| High deductible health plan--self-only coverage | 2020 | 2021 |
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| 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
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| High deductible health plan--family coverage | 2020 | 2021 |
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| 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
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Flexible spending account (FSA) for health care
| Health care FSAs | 2020 | 2021 |
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| Maximum salary reduction contribution | $2,750 | $2,750
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Health Savings Accounts (HSAs)
| Annual contribution limit | 2020 | 2021 |
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| Self-only coverage | $3,550
| $3,600
| | Family coverage | $7,100
| $7,200 |
| High deductible health plan--self-only coverage | 2020 | 2021 |
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| 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 coverage | 2020 | 2021 |
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| 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 contributions | 2020 | 2021 |
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| Annual catch-up contribution limit for individuals age 55 or older | $1,000
| $1,000
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| 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.
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| Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2021. |
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