Finance
HSA Calculator
An HSA is the only triple-tax-advantaged account — deductible contributions, tax-free growth, and tax-free medical withdrawals. Model your tax savings and projected balance over time.
Quick answer: An HSA is triple-tax-advantaged — deductible contributions, tax-free growth, tax-free medical withdrawals — with 2026 limits of $4,400 self-only and $8,750 family.
How it works
1. Confirm eligibility and limits
You can contribute to a Health Savings Account only if you are covered by a qualifying high-deductible health plan. For 2026 the contribution limits are roughly $4,400 for self-only and $8,750 for family coverage (estimated), with an extra $1,000 catch-up at age 55+. Employer contributions count toward these limits.
2. Capture the triple tax advantage
HSA dollars go in pre-tax (or are deductible), grow tax-free, and come out tax-free when used for qualified medical expenses. No other account offers all three. This makes the HSA one of the most tax-efficient savings vehicles available.
3. Invest the balance for the long run
If you can pay current medical costs out of pocket, let the HSA balance invest and compound for decades. After age 65 you can withdraw for any purpose paying only ordinary income tax — like a traditional IRA — while medical withdrawals stay tax-free. The calculator projects the growth.
Frequently asked questions
Why is an HSA triple-tax-advantaged?
Contributions are tax-deductible, the balance grows tax-free, and withdrawals for qualified medical expenses are tax-free — no other account offers all three.
What are the 2026 contribution limits?
This calculator uses $4,400 for self-only and $8,750 for family coverage, plus a $1,000 catch-up if you're 55 or older.
Should I invest my HSA?
If you can pay current medical costs out of pocket, investing the HSA and letting it compound tax-free for decades turns it into a powerful retirement health fund.