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Health Savings Account (HSA) Savings Calculator

Use this calculator to help you determine how much your Health Savings Account (HSA) will be worth over time. Fine tune your plan by seeing what happens if you reduce your expenditures or increase your allowable deductible.

After YEARS_TO_SAVE years you may have AMOUNT_SAVED_BTI in your HSA.

This assumes that you save AMT_SAVE_MONTH per month for YEARS_TO_SAVE years and earn ROR_INVEST per year. This total also includes withdrawals of AMT_SPEND_MONTH per month for qualified medical expenses. If you had to pay taxes on your HSA contributions and earnings your total would have been reduced to AMOUNT_SAVED_AFT**. **GRAPH**

Result Summary
High Deductible Health Plan (HDHP) deductible amount INSURANCE_DEDUCTIBLE_AMOUNT
High Deductible Health Plan (HDHP) coverage type TYPE_OF_INSURANCE_COVERAGE
Current Health Savings Account (HSA) balanceAMT_CURRENT
Monthly Health Savings Account (HSA) contribution*AMT_SAVE_MONTH
Monthly healthcare expensesAMT_SPEND_MONTH
Years before retirementYEARS_TO_SAVE
Annual rate of returnROR_INVEST
Marginal income tax rateFED_TAX_RATE
Expected inflation rateINFLATION_RATE
Maximum annual contribution* MAXIMUM_ANNUAL_CONTRIBUTION
HSA Savings after inflationAMOUNT_SAVED_AFI
HSA Savings if you had to pay taxes on contributions and earnings**AMOUNT_SAVED_AFT

*Catch-up contributions are not taken into account when calculating your potential savings.

**The amount you could save each month, after taxes, is calculated as follows. First, we take your monthly contribution and subtract FED_TAX_RATE for taxes. We then take the remaining balance and subtract AMT_SPEND_MONTH for your monthly healthcare expenses. Any remaining amount is available for you to save.

HSA Savings results by year


Health Savings Account (HSA) Savings Calculator Definitions

Health Savings Account (HSA)
An HSA is a tax-advantaged account established to pay for qualified medical expenses of an account holder who is covered under a high-deductible health plan. With money from this account, you pay for health care expenses until your deductible is met. Any unused funds are yours to retain in your HSA and accumulate towards your future health care expenses or your retirement.

In order to put money into an HSA you are required to have a High Deductible Health Plan (HDHP) in effect for either you or your family. A HDHP is simply health insurance that meets certain minimum deductible and maximum out-of-pocket expense requirements. In 2015, for a HDHP, the minimum deductible amount is $1,300 for self-only coverage and $2,600 for family coverage. A HDHP must also have a maximum out-of-pocket expense per year. For 2015, this maximum is $6,450 for self only coverage and $12,900 for family coverage. This maximum does not include the cost of the insurance premiums.

Please note, you are no longer eligible to make HSA contributions starting in the first month that you are eligible for and enrolled in Medicare Part A or B.

For complete details on HSAs you may wish to visit the U.S. Treasury at

High Deductible Health Plan (HDHP) deductible amount
Your HDHP deductible amount is the amount you pay toward your own medical expenses, in a given year, before your insurance begins to cover any expenses. In 2015, for a HDHP, the minimum deductible amount is $1,300 for self-only coverage and $2,600 for family coverage.
High Deductible Health Plan (HDHP) coverage type
Choose the insurance coverage type for your HDHP. Your choices are 'Family' or 'Single'.
Current Health Savings Account (HSA) balance
The total amount currently saved in your HSA.
Monthly Health Savings Account (HSA) contribution
The amount you will contribute each month to your HSA. This calculator assumes that you make your contribution at the beginning of each month. Your monthly contributions are limited by the annual maximum allowed. For 2015, the maximum contribution to an HSA is $3,350 for self-only coverage and $6,650 for family coverage. This calculator doesn't take catch-up contributions into account when calculating your maximum annual contribution.
Monthly healthcare expenses
The amount per month you expect to spend on qualifying medical expenses.
Years before retirement
The number of years you will be able to save (contribute) into your HSA before you retire.
Annual rate of return
This is the annual rate of return you expect to receive on your HSA funds. The actual rate of return is largely dependent on the types of investments you select. The Standard & Poor's 500® (S&P 500®) for the 10 years ending Dec. 1st, 2014, had an annual compounded rate of return of 8.06%, including reinvestment of dividends. From January 1970 through to Dec. 2014, the average annual compounded rate of return for the S&P 500®, including reinvestment of dividends, was approximately 10.7% (source: Since 1970, the highest 12-month return was 61% (June 1982 through June 1983). The lowest 12-month return was -43% (March 2008 to March 2009). Savings accounts at a financial institution may pay as little as 0.25% or less but carry significantly lower risk of loss of principal balances.

It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that Separate Account investment funds and/or investment companies may charge.

Expected inflation rate
This is what you expect for the average long-term inflation rate. A common measure of inflation in the U.S. is the Consumer Price Index (CPI). From 1925 through 2014 the CPI has a long-term average of 3.0% annually. Over the last 40 years highest CPI recorded was 13.5% in 1980. For 2014, the last full year available, the CPI was 1.8% annually as reported by the Minneapolis Federal Reserve.
Marginal income tax rate
Your marginal tax rate is used to calculate your potential tax savings. We assume that all contributions receive a tax deduction at the tax rate you enter here. You can use the table below to assist you in estimating your Federal tax rate.
Filing Status and Income Tax Rates 2015*
Tax RateMarried Filing Jointly or Qualified Widow(er)SingleHead of HouseholdMarried Filing Separately
10%$0 - $18,450$0 - $9,225$0 - $13,150$0 - $9,225
15%$18,450 - $74,900$9,225 - $37,450$13,150 - $50,200$9,225 - $37,450
25%$74,900 - $151,200$37,450 - $90,750$50,200 - $129,600$37,450 - $75,600
28%$151,200 - $230,450$90,750 - $189,300$129,600 - $209,850$75,600 - $115,225
33%$230,450 - $411,500$189,300 - $411,500$209,850 - $411,500$115,225 - $205,750
35%$411,500 - $464,850$411,500- $413,200$411,500 - $439,000 $205,750 - $232,425
39.6%over $464,850over $413,200over $439,000over $232,425
*Caution: Do not use these tax rate schedules to figure 2014 taxes. Use only to figure 2015 estimates. Source: 2014 Rev. Proc. 2014-61

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