HSA Contribution Calculator

Calculate your Health Savings Account contributions, tax savings, and long-term investment potential. Maximize the triple tax advantage of your HSA for healthcare and retirement.

HSA Contribution Details

2024 HSA Contribution Limits

Individual: $4,150 | Family: $8,300

Age 55+ catch-up: +$1,000

Understanding HSAs

What is an HSA?

A Health Savings Account is a tax-advantaged savings account available to those with High-Deductible Health Plans (HDHPs). It offers unique triple tax benefits no other account provides.

Triple Tax Advantage

1) Contributions are tax-deductible. 2) Earnings grow tax-free. 3) Withdrawals for qualified medical expenses are tax-free. After age 65, you can withdraw for any reason (taxed like traditional IRA).

HSA as Retirement Tool

Many use HSAs as a stealth retirement account. Pay medical expenses out-of-pocket now, invest HSA funds, and reimburse yourself tax-free in retirement (save receipts!). Unmatched tax efficiency.

Maximizing Your HSA

Contribute the maximum allowed each year
Invest HSA funds for long-term growth
Pay current medical expenses out-of-pocket if possible
Save receipts indefinitely for future reimbursement
Use as retirement supplement after 65
Consider employer contributions as free money

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