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HSA Fast Facts
What is a Health Savings Account (HSA)?
What are the advantages of owning an HSA?
Can an HSA save you money?
The California
Choice
HSA & Banking Partners
HSA Calculators
Possible Savings with an HSA
Possible Savings For
Individuals
With An HSA
Health Savings Account Balances (Assumes a $2,000 Deductible and Deposit Each Yr.)
Account Balance After X Years
Age of Head of Household Starting at 25
After Individual Medical Expenses of $1,000 Each Yr
After Individual Medical Expenses of $500 Each Yr
Zero Individual Medical Expenses
5 Years
30
$5,802
$8,703
$11,604
10 Years
35
$13,207
$19,810
$26,414
15 Years
40
$22,657
$33,986
$44,315
20 Years
45
$34,719
$52,079
$69,439
25 Years
50
$50,113
$75,170
$100,227
30 Years
55
$69,761
$104,641
$139,522
35 Years
60
$94,836
$142,254
$189,673
40 Years
65
$126,840
$190,260
$253,680
Assumes 5% interest per year, and 100% of a $2,000 deductible is deposited each year. One Medical Savings Account insurer has paid 5% interest on balances in their Medical Savings Accounts since January 1, 1997, and has not changed their interest rate since 1/1/97. Source: The HSA Coalition, 2004
Possible Savings For
Families
With An HSA
Health Savings Account Balances (Assumes a $4,000 Deductible and Deposit Each Yr.)
Account Balance After X Years
Age of Head of Household Starting at 25
After Individual Medical Expenses of $1,000 Each Yr
After Individual Medical Expenses of $500 Each Yr
Zero Individual Medical Expenses
5 Years
35
$17,406
$20,307
$23,208
10 Years
40
$39,620
$46,224
$52,827
15 Years
45
$67,972
$79,301
$90,630
20 Years
50
$104,158
$121,517
$138,877
25 Years
55
$150,340
$175,397
$200,454
30 Years
60
$209,282
$244,163
$279,043
35 Years
65
$284,509
$331,927
$379,345
Assumes 5% interest per year, and 100% of a $4,000 deductible is deposited each year. One Medical Savings Account insurer has paid 5% interest on balances in their Medical Savings Accounts since January 1, 1997, and has not changed their interest rate since 1/1/97. Source: The HSA Coalition
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Choice
License # 0B42994 – CaliforniaChoice Benefit Administrators, Inc.
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