Health Savings Account (HSA) Calculator
Triple Tax Advantaged
When used for qualified health expenses, an HSA can be triple tax advantaged: pre-tax deposits, tax-free growth, and tax-free withdrawals.
"Stealth" IRA
HSAs are often described as a "Stealth" IRA, since major tax advantages can still apply to withdrawals for non-qualified expenes.
Beware Penalties
Only certain investors can use an HSA as a tax advantaged tool, and penalties can apply if certain rules are broken.
How To Use This Calculator
- This calculator will calculate the expected wealth that can be created by using an HSA to shelter assets from taxes.
- It is prepopulated with default values for ten different questions. Adjust these values based on your individual circumstances to change the expected value creation.
- Note that, by default, this calculator assumes that you will use the HSA as a "stealth IRA" and withdraw the entire amount in retirement for non-qualified expenses. You can change this assumption in question 10 below.
Related Resources
Ultimate Guide To HSAs (PDF)
Video Overview Of HSAs
Spreadsheet Download
TFI Podcast: HSA 101
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