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Important Things You Should Know

Use the HSA Savings Calculation Tool to help you discover the savings opportunity and tax advantages associated with a Health Savings Account (HSA).

  • The tool provides estimated projections and should not be assumed to be tax or investment advice.  Be sure to consult a tax advisor to determine what is appropriate for your situation.

  • It illustrates high-level HSA features and is not intended to replace or modify summary plan documents or other member materials.  Additional HSA information can be obtained in the summary of benefits document or by calling member services.

  • The information that you enter into this tool cannot be linked directly to you.  Any data input into the tool or the calculated results is not stored on our PC.

  • In order to contribute to the HSA, you must be covered under a qualified high deductible health plan.

  • The tool assumes that you contribute to the HSA until the age or time period you select.

  • The tool assumes the HSA contribution amount will remain constant unless the "Apply COLA?" and/or "Catch-up Option?" are selected.

  • The tool assumes the Rate of Return Options selected will remain constant until the selected as or time period stop contributions.

  • The calculation is based on tax tables published by the IRS and are subject to the change.  Your marginal tax rate depends on your taxable income, which includes all income sources (e.g., wages, investments income) and all deductions (mortgage interest, state income taxes, property taxes and chartable contributions).  This tool does not include state income taxes as part of the analysis.

  • The tool applies the $1,000 year beginning 2009 for the Catch-up Option.

  • The HSA maximum contribution is the statutory contribution maximum.  The HSA Statutory Contribution Maximum* is as follows:

 

 2010

2011

2012

2013

2014

 Self

$3,050

$3,050

$3,100

$3,250

$3,300

 Family

$6,150

$6,150

$6,250

$6,450

$6,550

 

 

  • The Medical Plan deductible amount must meet the minimum requirements.  Contact your plan sponsor with any questions regarding your deductible amount.  The Minimum Deductible Amount* is as follows:

 

 2010

2011

2012

2013

2014

 Self

$1,200

$1,200

$1,200 

$1,250

$1,250

 Family

$2,400 

$2,400

$2,400

$2,500

$2,500

 

*These maximums will be adjusted each year for cost of living, so check your specific plan for details.
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