Find Your Optimal HSA Contribution

Our guided Health Savings Account (HSA) contribution calculator can help you meet your short or long-term HSA saving and investing goals. Maximum savings today, maximum saving for tomorrow, or a mix of both. Whatever your goal is, find your optimal HSA contribution today.

Calculator: Optimal HSA Contribution

Form Fields

Annual income

The amount of income you earn the year you open your HSA. We use this to estimate your average tax rate and project the tax savings from your HSA contributions.

We'll use this to calculate your average tax rate. Select the option that most closely matches your filing status.

An HSA is a tax-advantaged savings account that can only be used with a qualifying high-deductible health plan (HDHP).

The amount you already have in your health savings account the first month after you open it.

The estimated amount you'll pay each year from your HSA for qualified medical and healthcare costs.

Everyone’s retirement age is different. This age could be the year you start receiving Medicare benefits. For HSA specifics, this could be the year you begin withdrawing funds from your HSA after you turn 65.

The IRS sets limits each year for maximum contributions to HSAs and other tax-advantaged savings accounts. For 2023, HSA-eligible account holders are allowed to contribute $3,850 for individual coverage and $7,750 for family coverage. For 2022, HSA-eligible account holders are allowed to contribute $3,650 for individual coverage and $7,300 for family coverage.

The estimated amount you will save on Federal and State (if applicable) taxes by making contributions to your HSA.

Frequently Asked Questions

What is an HSA?

A health savings account (HSA) allows you to save tax-advantaged money (pre-tax for contributions made from paychecks, tax deductions for direct contributions) to be spent on qualified medical expenses. Those can include most medical, dental and pharmacy bills, co-payments and coinsurance. The most common way to access these funds is with an HSA debit card.

You can also reimburse yourself from the account for your own medical expenses paid out-of-pocket (expense requirements are quite liberal). This means you're spending "tax-free" money for most medical costs, creating enormous potential tax savings when utilizing an HSA.

Your health insurance must be classified as an HSA-eligible High Deductible Health Plan (HDHP). This insurance coverage type charges lower-than-normal premium payments, but the minimum HDHP deductible amount is high and changes annually.

In 2022, the minimum deductible is at least $1,400 for an individual and $2,800 for a family plan.

You can't contribute to an HSA once you start receiving Medicare Part A benefits.

Read more about HSA eligibility

A High-Deductible Health Plan (HDHP) is a health insurance plan traditionally defined by lower premiums and higher deductibles. For a health plan to be considered a qualifying, high-deductible health plan, or HSA-eligible, it must meet the IRS's annual minimum deductible and out-of-pocket maximum set annually. These two amounts are indexed annually for inflation.

The health insurance plan must also be designed so that the individual or family (two or more individuals) pay the cost of healthcare up to the deductible before any insurance kicks in (preventative care excluded from this definition).

Read more about HSA eligibility

The IRS sets limits each year for maximum contributions to an HSA. The maximum contribution limits for 2023 are $3,850 for individuals and $7,750 for families. The maximum contribution limits for 2022 are $3,650 for individuals and $7,300 for families. If you are 55 or older, you can contribute an additional $1,000 catch-up contribution. If your spouse is also 55 or older, they may also be able to contribute an additional $1,000 catch-up contribution into their own account.

Opening or transferring your HSA to Lively is easy and you won’t be surprised by hidden fees. You can sign up here.

If your employer offers an HSA as an employee benefit, you can open one through them. Since each HSA is owned by an individual, you can open an account through any provider, at any time. You don’t have to wait until open enrollment.

You can spend your HSA funds on qualified medical expenses for you, your spouse, or any dependents you claim on your tax return.

Your funds can be used to pay for thousands of qualified expenses approved by the IRS. You can use our searchable What’s Eligible tool to see what’s covered.

Other helpful resources


HSA Contribution Limit Calculator

See how much you can contribute into your HSA.


HSA Savings Calculator

See how much you can save with your HSA.


Health Plan Cost Calculator

Compare two health plans and project your estimated cost.

Set up your contributions

Work with employer to set up your ideal contribution through ER payroll.


Take Action

Based on your results, be sure to set or update your contribution election so you can get on the path to reach your goals. If you make your election through your employer, follow their process to set or update your election. If you contribute through Lively, log in now to change your contribution election.