HSA Savings Calculator

Aetna-texas-health-insurance.com's goal is to make sure you save every dollar you can. With our easy to use Savings Calculator we will show you exactly how much money you can save with an HSA!

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

Health Savings Account (HSA)
An HSA is a tax-advantaged account established to pay for qualified medical expenses of an accountholder who is covered under a high-deductible health plan. With money from this account, you pay for healthcare expenses until your deductible is met. Any unused funds are yours to retain in your HSA and accumulate towards your future healthcare expenses or your retirement.
For complete details on HSA's you may wish to visit the U.S. Treasury at http://www.treas.gov/offices/public-affairs/hsa/

What is your 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.

What is your type of HDHP coverage?
Choose the insurance coverage type for your HDHP. Your choices are "Family" or "Single".

What is the balance in your HSA?
The total amount currently saved in your HSA.

How much will you put into the HSA per month?
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. This calculator doesn't take catch-up contributions into account when calculating your maximum annual contribution.

How much do you expect to spend on healthcare per month?
The amount per month you expect to spend on qualifying medical expenses.

How many years do you have to save 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 dependant on the type of investments you select. From January 1970 to December 2006, the average compounded rate of return for the S&P 500, including reinvestment of dividends, was approximately 11.5% per year (source: www.standardandpoors.com). During this period, the highest 12-month return was 61%, and the lowest was -39%. Savings accounts at a bank pay as little as 1% or less.

It is important to remember that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are 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 additional sales charges and fees that funds may charge.

Expected Inflation Rate
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), which has a long-term average of 3.1% annually, from 1925 through 2006.

Federal tax rate
Your marginal federal tax rate. Use the table below to help you choose the appropriate tax rate.

Filing Status and Income Tax Rates 2007 Caution: Do not use these tax rate schedules to figure 2006 taxes. Use only to figure 2007 estimates.
Tax rate	Married filing jointly or Qualified Widow(er)	Single	Head of household	Married filing separately
10%	$0 - 15,650	$0 - 7,825	$0 - $11,200	$0 - 7,825
15%	$15,651- 63,700	$7,826- 31,850	$11,201- 42,650	$7,826- 31,850
25%	$63,701- 128,500	$31,851- 77,100	$42,651- 110,100	$31,851- 64,250
28%	$128,501- 195,850	$77,101- 160,850	$110,101- 178,350	$64,251- 97,925
33%	$195,851- 349,700	$160,851- 349,700	$178,351- 349,700	$97,926- 174,850
35%	over $349,700	over $349,700	over $349,700	over $174,850

Source: http://www.irs.gov/formspubs/article/0,,id=164272,00.html

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

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