HDHP with HSA Savings Calculator
Can My Business Save by Offering Employees an HDHP with an HSA?
A high deduction health plan (HDHP) is a type of health insurance that has a lower monthly premium and a higher deductible compared to a traditional plan. To offset the cost of the higher deductible, those with an HDHP can open a health savings account (HSA). HSAs are only available to those enrolled in HDHPs and offer a tax-advantaged way to save for healthcare costs. Are you an employer considering offering an HDHP and HSA to your employees? Use the calculator below to see how much you could save with this option.
Every dollar you contribute to an HSA and spend on eligible health and medical expenses is pre-tax, meaning you can essentially pay your medical bills with pre-tax money. Those are significant savings, no matter what tax bracket you're in.
Heath savings accounts (HSA) are a versatile savings vehicle, including being able to be used for additional retirement savings.