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HSA vs. Traditional Calculator - Greater Texas
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Health Savings Account (HSA) vs. Traditional Health Plan

This tool is designed to help you compare a High Deductible Health Plan (HDHP) with a Health Savings Account (HSA) to a traditional health plan. By using an HDHP/HSA solution, you can often realize significant savings on your insurance premiums and receive a deduction on your income taxes. Use this calculator to determine the possible savings.
By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.



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Health Savings Account (HSA) vs. Traditional Health Plan
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**FIG_GRAPHTITLE** Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Definitions

Health Savings Account (HSA)

An HSA is a tax-advantaged account established to pay for qualified medical expenses of an account holder who is covered under a high-deductible health plan. With money from this account, you pay for health care expenses until your deductible is met. Any unused funds are yours to retain in your HSA and accumulate towards your future health care expenses or your retirement.

In order to put money into an HSA you are required to have a High Deductible Health Plan (HDHP) in effect for either you or your family. A HDHP is simply health insurance that meets certain minimum deductible and maximum out-of-pocket expense requirements. This table shows the limits for HSA's in 2025.

Health Savings Accounts (HSA) Contribution and Limits
20252024Change
HSA Contribution LimitSingle: $4,300
Family: $8,550
Single: $4,150
Family: $8,300
Single: +$150
Family: +$250
HSA catch-up contributions*$1,000$1,000No change, not indexed to inflation
HDHP minimum deductibleSingle: $1,650
Family: $3,300
Single: $1,600
Family: $3,200
Self-only: +$50
Family: +$100
HDHP maximum out-of-pocket**Single: $8,300
Family: $16,600
Single: $8,050
Family: $16,100
Single: +$250
Family: +$500
*Catch-up contributions can be made anytime during the year in which the participant turns 55.
**This includes deductible amount, co-payments and other non-premium payments.

Please note, you are no longer eligible to make HSA contributions starting in the first month that you are eligible for and enrolled in Medicare Part A or B.

Source and complete details on HSAs you may wish review: About Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans

Annual prescriptions

Number of prescriptions you expect to fill annually.

Annual doctor visits

Number of times you expect to visit the doctor's office annually.

Marginal income tax rate

Your estimated Federal marginal income tax rate. Use the ‘Filing Status and Federal Income Tax Rates on Taxable Income’ table to assist you in estimating your Federal tax rate.

Filing Status and Federal Income Tax Rates on Taxable Income for 2024*
Tax RateMarried Filing Jointly or Qualified Surviving SpouseSingleHead of HouseholdMarried Filing Separately
10%$0 - $23,200$0 - $11,600$0 - $16,550$0 - $11,600
12%$23,200 - $94,300$11,600 - $47,150$16,550 - $63,100$11,600 - $47,150
22%$94,300 - $201,050$47,150 - $100,525$63,100 - $100,500$47,150 - $100,525
24%$201,050 - $383,900$100,525 - $191,950$100,500 - $191,950$100,525 - $191,950
32%$383,900 - $487,450$191,950 - $243,725$191,950 - $243,700$191,950 - $243,725
35%$487,450 - $731,200$243,725 - $609,350$243,700 - $609,350$243,725 - $365,600
37%Over  $731,200Over  $609,350Over  $609,350Over  $365,600
*Caution: Do not use these tax rate schedules to figure 2023 taxes. Use only to figure 2024 estimates. Source: Rev. Proc. 2023-34

Monthly premium

Monthly premium for your proposed health insurance options.

Annual deductible

Annual deductible that you are required to pay before your health insurance begins coverage. The tool assumes that after this threshold has been reached that your insurance covers 100% of your expenses. In 2025, for a HDHP, the minimum deductible amount is $1,650 for self-only coverage and $3,300 for family coverage.

Maximum annual out-of-pocket

Maximum out-of-pocket in a given year for your health insurance. This is the maximum total expense that you could incur in a given year with your proposed coverage. A HDHP must also have a maximum out-of-pocket expense per year. For 2025, the HSA out-of-pocket maximum is $8,300 for self only coverage and $16,600 for family coverage.

Co-pay for doctor visits and prescriptions

The fee you pay for each prescription and/or doctor's visit. These payments do not count toward your annual deductible or your maximum out of pocket expense.

Co-insurance

The percentage of your health care costs that your insurance will cover after your costs exceed your annual deductible. You are assumed to continue to pay this percentage of your health care costs until you reach your annual maximum out of pocket expense.

Other expenses

Any other expenses that would normally be covered by your health insurance. This would include lab fees and services other than prescriptions and doctor visits. Don't include medical expenses not normally covered by your insurance such as some elective surgery, contact lens solution or over the counter medications.

HSA contributions

Total you expect to contribute to an HSA account per year. All contributions to an HSA account are tax-deductible and withdrawals for qualified medical expenses are not subject to income tax. For 2025, the maximum contribution to an HSA is $4,300 for self-only coverage and $8,550 for family coverage.



Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.