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How much should you be saving for healthcare?
This quick and easy calculator will help you estimate how much your household is likely to spend on out-of-pocket healthcare costs next year, beyond what your plan will cover.
How much should you be saving for healthcare?
Based on your answers to these questions - and data about millions of other consumers like you - we will help you figure out how much you'll need to save to cover out-of-pocket healthcare costs for your household next year.
likely to spend on out-of-pocket on healthcare next year
This is the amount of money you'll need for healthcare expenses not covered by your insurance plan, such as deductibles, copays, and coinsurance - for medical, dental, and vision expenses.
Did you know you can save an average of 30% on these out-of-pocket healthcare costs (depending on your tax bracket)?
How do I save?
Tax-advantaged benefit accounts – such as flexible spending accounts (FSAs) and health savings accounts (HSAs) – allow you to use pre-tax dollars to pay for healthcare expenses.
How do these accounts work?
It’s simple! You select an amount to set aside from your paycheck before taxes are taken out. You can then use these pre-tax dollars to pay for eligible healthcare expenses throughout the year.
Don’t miss out on savings!
Opening and funding a tax-advantaged benefit account such as an FSA or HSA can help you save on next year’s out-of-pocket healthcare costs as well as plan for future healthcare spending.
To learn more, speak to your employer today.