Smedley Financial Services, Inc.®

Private Wealth Management Team Advisors
102 S. 200 E. Suite 100
PO Box 4133
Salt Lake City, UT 84110-4133
801-355-8888
800-748-4788
sharla@smedleyfinancial.com
www.SmedleyFinancial.com

January 04, 2019

2019 Key Numbers
 

Protection Planning

Eligible long-term care premium deduction limits:

LTC premium deduction limits20182019
Age 40 or under$420 $420
Age 41-50$780$790
Age 51-60$1,560$1,580
Age 61-70$4,160$4,220
Over age 70$5,200$5,270

Per diem limit:

LTC periodic payments20182019
Periodic payments for qualified long-term care insurance/certain life insurance$360 $370

Archer Medical Savings Accounts

High deductible health plan--self-only coverage20182019
Annual deductible--minimum$2,300 $2,350
Annual deductible--maximum$3,450$3,500
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed$4,550$4,650
High deductible health plan--family coverage20182019
Annual deductible--minimum$4,550 $4,650
Annual deductible--maximum$6,850$7,000
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed$8,400$8,550

Flexible spending account (FSA) for health care

Health care FSAs20182019
Maximum salary reduction contribution$2,650 $2,700

Health Savings Accounts (HSAs)

Annual contribution limit20182019
Self-only coverage$3,450 $3,500
Family coverage$6,900$7,000
High deductible health plan--self-only coverage20182019
Annual deductible--minimum$1,350 $1,350
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed$6,650$6,750
High deductible health plan--family coverage20182019
Annual deductible--minimum$2,700 $2,700
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed$13,300 $13,500
Catch-up contributions20192020
Annual catch-up contribution limit for individuals age 55 or older$1,000 $1,000
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Securities offered through Securities America, Inc., Member FINRA/SIPC. Roger M. Smedley,CFP®, Sharla J. Jessop, CFP®, James R. Derrick, CFA,  Mikal B. Aune, CFP®, Jordan R. Hadfield, Leah Nelson, and Shane P. Thomas, Registered Representatives and Registered Investment Advisor Representatives of Smedley Financial Services, Inc.® Smedley Financial Services, Inc.® and Securities America, Inc. are separate entities. Securities America and its representatives do not provide tax or legal advice. Please consult the appropriate professionals regarding your personal situation.

Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2019.