February 22, 2012

Health Care Deductions

Health Savings Account (HSAs)
               Self-only coverage:
               Contribution Limit $3050
               Plan minimum deductible $1200
               Plan out-of-pocket limit  $5950
               Family Coverage:
               Contibution Limit $6150
               Plan minimum deductible $2400
               Plan out-of-pocket limit $11,900
Long-term care insurance – deduction limits
               Age 40 and under $340
               Age 41-50 $640
               Age 51- 60 $1270
               Age 61-70 $3390
               Age 71 and older $4240
Medical Savings Accounts (MSAs)
               Self-only coverage
               Plan minimum deductible $2050
               Plan maximum deductible $3050
               Plan out-of-pocket limit $4100
               Family coverage
               Plan minimum deductible $4100
               Plan maximum deductible $6150
               Plan out-of-pocket limit $7500

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