Health Savings Account: Growth Estimator Tool
What could your Health Savings Account (HSA) amount to over time?
An HSA is a savings account that allows individuals enrolled in a High Deductible Health Plan (HDHP) to pay for qualifying health care expenses with pre-tax money. Your HSA can provide you a triple tax advantage by allowing:
- Tax-free contributions
- Tax-free distributions
- Investment earnings
Try the HSA Growth Estimator to help you determine the potential value of your HSA over time.
A few items to keep in mind:
- You may change your per paycheck contributions at any time throughout the year.
- Money remaining in your account at the end of the year will automatically rollover into the next calendar year.
- Your HSA is portable. If you leave the UW System, you take your account with you.
Reminder: In case you missed it, review the HSA Contributions and Investment Options article.
Source: UW System Human Resources