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Maximize your savings potential

With a health savings account (HSA), there are NO taxesfootnote on eligible contributions, qualified withdrawals or interest earned. So, saving money is possible. To maximize your savings potential — contribute, save and invest. Look at how this works for Jack, Selena and Ella.

AN HSA CAN FIT YOUR LIFESTYLE
Who is more like you?

Whether you’re a new saver, saver/spender or super saver — an HSA can fit your lifestyle. See how Jack, Selena and Ella plan to use their PayFlex Individual HSA.

 

JACK
New Saver

Age of HSA owner      25 years old
Health plan coverage      Individual
Marital status      Single
Children      0
Annual household income      $45,000
Annual HSA contribution      $1,000
Annual HSA withdrawals      $100
Annual investment amount      $0

 

SEE JACK'S SAVINGS

SELENA
Saver/Spender

Age of HSA owner      35 years old
Health plan coverage      Family
Marital status      Married
Children      2
Annual household income      $85,000
Annual HSA contribution      $4,000
Annual HSA withdrawals      $1,000
Annual investment amount      $2,000

 

SEE SELENA'S SAVINGS

 

ELLA
Super Saver

Age of HSA owner      45 years old
Health plan coverage      Family
Marital status      Married
Children      1
Annual household income      $150,000
Annual HSA contribution      $7,100
Annual HSA withdrawals      $0
Annual investment amount      $6,500

 

SEE ELLA'S SAVINGS

    

 

NEW SAVER
Meet Jack

Jack is 25 years old and starting to get comfortable with saving. He has a high-deductible health plan with individual coverage. His tax filing status is single. Below are some details about his income, contributions, withdrawals and investments.

Annual household income         $45,000
Annual HSA contribution         $1,000
Annual HSA withdrawals        $100
Annual investment amount         $0
Investment rate of return         Not applicable
Retirement age         65
 

SAVING IS POSSIBLE
See Jack's estimated savings at retirement*

 
 
 

SAVING EARLY CAN PAY OFF
Jack's savings journey

Each year, Jack contributes $1,000 to his HSA deposit account and spends about $100 on health care. He isn’t ready to invest yet. See how his HSA balance could grow over time.

HSA balance = $9,000

In 10 years, Jack’s HSA deposit account balance could grow to $9,000.

HSA balance = $18,000

Between age 35 and 45, Jack's HSA balance could increase $9,000.

HSA balance = $27,000

By age 55, Jack will have $27,000 in his HSA to spend on health care.

 

 
 

SAVER/SPENDER
Meet Selena

Selena is 35 years old. She's married and has two young children — that calls for a mix of saving and spending. She has a high-deductible health plan with family coverage. Her tax filing status is married, filing jointly. Below are some details about her income, contributions, withdrawals and investments.

Annual household income         $85,000
Annual HSA contribution         $4,000
Annual HSA withdrawals         $1,000
Annual investment amount         $2,000
Investment rate of return         7%
Retirement age         65 years old
 

WHAT COULD AN HSA DO FOR YOUR FAMILY?
See Selena's estimated savings at retirement*

 
 
 

CONTRIBUTE, SAVE AND INVEST
Selena's savings journey

Each year, Selena contributes $4,000 to her HSA. Her family spends about $1,000 on health care annually. She plans to invest $2,000 each year. See how her investment value and HSA deposit account balance could grow over time.

Combined account value
$17,307

By age 40, Selena plans to invest $10,000 of her HSA contributions. Her investment value could reach $12,307. Plus, she would have $5,000 in her HSA deposit account.

Combined account value
$68,776

By age 50, Selena plans to invest $30,000 of her HSA contributions. Her investment value could reach $53,776. Based on her spending and saving, her HSA deposit account balance would be $15,000.

Combined account value
$160,353

By age 60, Selena plans to invest $50,000 of her HSA contributions. Her investment value could reach $135,353. She’ll even have $25,000 in her HSA deposit account.

 

 
 

SUPER SAVER
Meet Ella

Ella is 45 years old. She's married and has one child. She's a super saver — only using her HSA as a savings vehicle for retirement. She has a high-deductible health plan with family coverage. Her tax filing status is married, filing jointly. Below are some details about her income, contributions, withdrawals and investments.

Annual household income         $150,000
Annual HSA contribution         $7,100
Annual HSA withdrawals         $0
Annual investment amount         $6,500
Investment rate of return         7%
Retirement age         65 years old
 

POWER IN INVESTING
See Ella's estimated savings at retirement*

 
 
 

INVESTING CAN BOOST YOUR SAVINGS
Ella's savings journey

Each year, Ella contributes $7,100 to her HSA deposit account and transfers $6,500 to her HSA investment account. See how her investment value could grow over time.

Combined account value
$42,996

In just five years, Ella plans to invest $32,500 of her HSA contributions. Her investment value could reach $39,996. She’ll keep $3,000 in her HSA deposit account.

Combined account value
$102,093

By age 55, Ella plans to invest $65,000 of her HSA contributions. Her investment value could reach $96,093. Plus, she’ll have $6,000 in her HSA deposit account.

Combined account value
$183,772

By age 60, Ella plans to invest $97,500 of her HSA contributions. Her investment value could reach $174,772. She’ll also have $9,000 in her HSA deposit account.

*The calculations are only an estimate and for illustrative purposes. Results are rounded to the nearest dollar. This does not contain legal, tax or investment advice. Your actual savings may differ due to factors like your actual health care expenses, contributions, account fees, interest earned, and investment results. Investing is optional. If you choose to invest, you need to have a minimum balance in your HSA. This is typically $1,000. You can invest any HSA funds over this minimum balance. You can find your minimum balance amount on the investments page of your online account.

footnote† State taxes apply to HSA contributions and earnings in CA and NJ.