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HSA Eligibility Calculator

3 min read

30 sec brief

Providing free healthcare products and services only helps if individuals and families understand how to use them. We need free healthcare tools to calculate and navigate complex healthcare regulations and/or tax codes. This goes double for HSAs.

Providing free healthcare products and services only helps if individuals and families understand how to use them. We need free healthcare tools to calculate and navigate complex healthcare regulations and/or tax codes. This goes double for HSAs.

HSA Contribution Calculator

Having access to a fool-proof and easy to use system to calculate your yearly HSA eligibility contributions will ensure you can:

  1. Remove HSA Contribution Complexity – Did you know the IRS has revised the 2018 HSA contributions limits twice this year! Yes twice! Not only was this an unprecedented move, it kinda feels a little mean-spirited. Healthcare costs are hard enough to navigate (and keep up with financially), adding more IRS tax code complexity and on top of that, just leaves consumers feeling hopeless.
  2. Plan for Healthcare Costs – Healthcare costs are getting harder and harder to calculate. Co-pays, out-of-pocket expenses, and monthly premiums are just the start. HSAs create pre-tax saving for these health costs, and allow individuals to save for retirement, but their IRS regulations leave you wanting to tear your hair out.
  3. Save Dedicated Funds for Healthcare Costs in Retirement – You might be aware of the Fidelity report released last year that shows healthcare costs in retirement are expected to exceed $275,000 for couples (on top of Medicare). I know this feels like a frustrating burden, for millennials and baby boomer alike. It is. We all need a retirement calculator, but for healthcare.

HSA Eligibility Calculator

In order to remove these regulatory and saving complexities, Lively has created an industry first HSA eligibility calculator. It algorithmically calculates hundreds of HSA contributions scenarios to show you exactly how much you can contribute. You can see it live here.

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Free Healthcare Tools

Navigating the healthcare space requires diligence and time, and sometimes money. We wanted to make sure you had a free healthcare tool, to better understand your current year maximum HSA contribution. Healthcare is complicated. Putting aside savings is hard. Finding free healthcare tools for healthcare costs shouldn’t be.

We take this philosophy to heart at Lively, so much so that our HSA is free for individuals and families. One of the reasons why we are the #1 user ranked HSA on the market. Our HSA eligibility calculator takes that one step further to limit your time requirements and still have access to free tools to better understand how to plan and save pre-tax dollars to healthcare costs today and for years to come.

Disclaimer: the content presented in this article are for informational purposes only, and is not, and must not be considered tax, investment, legal, accounting or financial planning advice, nor a recommendation as to a specific course of action. Investors should consult all available information, including fund prospectuses, and consult with appropriate tax, investment, accounting, legal, and accounting professionals, as appropriate, before making any investment or utilizing any financial planning strategy.

About the author

Lively

We are HSA Experts! Lively is a Health Savings Account (HSA) platform for employers and individuals. A 401(k) for healthcare.

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