Health Savings Account (HSA) Calculators

Below are basic HSA calculators that would help your decision-making with respect to your Health Savings Account (HSA).

An HSA calculator is a health savings account calculator that could offer you all the options and benefits of different health savings account options. It gives you an estimated yearly income and cost which helps you decide on what type of HSA option is best for you.

An HSA calculator could also offer different features such as tax-free withdrawals, employer contributions, spending limits, account balance tracking, and more. 

The Health Savings Account calculator helps make sure that the money is used properly and in the best interest of your health insurance.


Peg balance opportunity cost

It is common for HSA providers to require that a checking account balance be maintained. This is an opportunity cost because it reduces the amount of money in your investment account and thus your ability to earn interest on that money. Calculate the cost using the compound interest formula below.

${{principal | format}} × (1 + {{rateDecimal}}) {{time}} − ${{principal | format}} = ${{result | format}}

Fee source opportunity cost

Many HSA providers charge fees based on your account balance. If you plan to contribute the maximum amount each year, your total investment will be reduced. Use the future value formula to calculate the cost.

${{fee | format}} × ( (1 + {{rateDecimal}}) {{time}} − 1 ) ÷ {{rateDecimal}} − ${{fee | format}} × {{time}} = ${{result2 | format}}

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