Dushyant Pandit
dpandit@dorchesteradvisors.com
 
 




2020 Key Numbers

 

Protection Planning

Eligible long-term care premium deduction limits:

LTC premium deduction limits20192020
Age 40 or under$420 $430
Age 41-50$790$810
Age 51-60$1,580$1,630
Age 61-70$4,220$4,350
Over age 70$5,270$5,430

Per diem limit:

LTC periodic payments20192020
Periodic payments for qualified long-term care insurance/certain life insurance$370 $380

Archer Medical Savings Accounts

High deductible health plan--self-only coverage20192020
Annual deductible--minimum$2,350 $2,350
Annual deductible--maximum$3,500$3,550
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed$4,650 $4,750
High deductible health plan--family coverage20192020
Annual deductible--minimum$4,650 $4,750
Annual deductible--maximum$7,000$7,100
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed$8,550$8,650

Flexible spending account (FSA) for health care

Health care FSAs20192020
Maximum salary reduction contribution$2,700 $2,750

Health Savings Accounts (HSAs)

Annual contribution limit20192020
Self-only coverage$3,500 $3,550
Family coverage$7,000 $7,100
High deductible health plan--self-only coverage20192020
Annual deductible--minimum$1,350 $1,400
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed$6,750$6,900
High deductible health plan--family coverage20192020
Annual deductible--minimum$2,700$2,800
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed $13,500 $13,800
Catch-up contributions20192020
Annual catch-up contribution limit for individuals age 55 or older$1,000 $1,000


Dorchester Advisors is a Registered Investment Advisor in NJ and NY. This communication is strictly intended for individuals residing in the state(s) of NJ and NY. No offers may be made or accepted from any resident outside the specific states referenced.

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