Health Savings Accounts (HSAs) were created by the Medicare bill signed by President Bush on December 8, 2003. HSAs are a form of medical savings account that must be accompanied by a high-deductible health insurance plan. HSAs allow individuals/employers to set aside money on a pre-tax or tax-deductible basis and then withdraw the money tax-free to pay qualifying medical expenses. Use this calculator to help compare a traditional, low-deductible health plan to a high-deductible health plan accompanied by an HSA to cover out-of-pocket expenses.
Comprehensive Health Plan
Deductible ($)  
Coinsurance  
Maximum annual out-of-pocket (OOP) ($)  
Monthly insurance premium ($)  
High-Deductible Health Plan with HSA
Deductible ($)  
Coinsurance after deductible is met  
Maximum annual out-of-pocket (OOP) ($)  
Monthly insurance premium ($)  
Other Assumptions
Anticipated yearly medical expenses
(incurred by one individual) ($)		  
Marginal tax rate (state/federal plus 7.65% SS/Medicare)
Plan type  
Calculated results are estimates for illustrative purposes only. Actual savings and payments results will depend on the terms, amounts, and rate in your account. The calculator result does not constitute an offer for a loan; does not account for creditworthiness or other loan eligibility factors; and does not account for all fees or insurance that may apply. The calculator does not constitute a guaranteed financial outcome.


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