HSA Savings Calculator
Discover how much money you can save with an HSA.
Enter your information below. Note: The HSA Savings Calculator should only be used as a guide to measure hypothetical HSA tax savings and growth.
Choose your plan type:
Average contribution per year:Amount of money you will pay into your HSA for the year. This includes any contributions received from employers. In 2020, maximum contributions are: $3,550 single; $7,100 family. In 2021, maximum contributions are: $3,600 single; $7,200 family. If you are 55 years of age or older, an additional $1,000 can be contributed. Depending on your plan type (single or family), your answer should not exceed these numbers.
Average medical expenses per year:Enter the estimated amount of money you spend out-of-pocket on medical care.
Federal income tax bracket:There are seven marginal income tax brackets for each federal filing status: 10, 12, 22, 24, 32, 35, and 37 percent.
State income tax bracket:Consult your state's individual tax rules and regulations to find out this percentage.
*Estimate of potential income tax savings from HSA contributions and earnings.