HSA Medical Plans

This example assumes an average household; Male age 35 with spouse and two children (preferred rates) Orlando, FL with traditional health insurance benefits who spent $1,200* in out-of-pocket family medical and dental expenses for the year of which $400 was fully covered by their current plan.

The HSA example assumes the entire $1,200 of incurred expenses was paid from the health savings account since this amount is under the selected annual deductible.

(*This is the approximate national average for household out-of-pocket health costs).

The following example also assumes an arbitrary 25% income tax bracket.

	Traditional Medical Plan ($500 per person deductible) Office Visit Co-pay: $25	HSA Medical Plan ($5100 family deductible)
Monthly Insurance Premium	$771	$275
x 12 = Annual Insurance Cost	$9,252	$3,300
Annual HSA deposit	$0	$5,100
Assumed annual medical and dental expenses not covered by insurance.	$800 (paid out of pocket)	$1,200 (paid from HSA account)
Total Annual Cost Outlay	$10,052 ($9,252 + $800)	$8,400 ($3,300 + $5,100)
HSA account balance at year end (rolls over to next year)	$0	$3,900 ($5,100 - $1,200)
Tax savings (assuming a 25% tax bracket)	$0	$1,275 ($5,100 x 25%)

Cost Outlay Savings
Tax Savings
Total Savings

HSA account balance
Grand Total

$1,652
$1,275
$2,927

$3,900
$6,827

As the example above shows, if you own a traditional health plan and have a healthy year you’re thankful for good health but have earned no financial reward. Your money is lost forever to high premiums with no chance of anything in return regardless of how much or how little benefits you’ve used.

Own an HSA medical plan, and your savings can really add up. Have the same results for five or ten years or more and you will have accumulated a small fortune. With an HSA, the leftover money is yours to keep.

This is the HSA Medical Plan difference.