Savings Calculator
Find out how much you can save with a Health Spending Account
Save $$$ with an Annual Plan
$1,838 goes to taxes due to a 31.48% marginal tax rate before you even pay for your healthcare.
Your company pays $4,659 as a business expense, reducing taxable income.
This includes your $4,000 in health spending, the HSA fee, and required taxes.
You save $1,179 by eliminating the need to withdraw taxable salary for medical costs.
Step 1: Calculate pre-tax salary needed: $5,838 = $4,000 ÷ (1 - 31.48%)
Step 2: Determine tax amount: $1,838 = $5,838 - $4,000
Step 4: Your savings: $1,179 = $5,838 - $4,659
Save $$$ with a Pay As You Go Plan
$1,838 goes to taxes due to a 31.48% marginal tax rate before you even pay for your healthcare.
Your company pays $4,659 as a business expense, reducing taxable income.
This includes your $4,000 in health spending, the 8% fee-per-claim, and required taxes.
You save $1,179 by eliminating the need to withdraw taxable salary for medical costs.
Step 1: Calculate pre-tax salary needed: $5,838 = $4,000 ÷ (1 - 31.48%)
Step 2: Determine tax amount: $1,838 = $5,838 - $4,000
Step 4: Your savings: $1,179 = $5,838 - $4,659
For accurate tax information, please consult with a qualified tax professional.
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