FREQUENTLY ASKED QUESTIONS AND ANSWERS FOR
HSA
HEALTH SAVINGS ACCOUNT
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9. How much money could build up in my Health Savings Account over time?

Families:

Possible Build-Up of Savings For Families With An HSA Under Different Time and Medical Expense Scenarios

Account Balance After X Years

Age of Head of Household Starting at 30

Health Savings Account Balances (Assumes a $4,000 Deductible and Deposit Each Yr.)

After Family Medical Expenses of $1,000 Each Yr

After Family Medical Expenses of $500 Each Yr

Zero Family Medical Expenses

5 Years

35

$17,406

$20,307

$23,208

10 Years

40

$39,620

$46,224

$52,827

15 Years

45

$67,972

$79,301

$90,630

20 Years

50

$104,158

$121,517

$138,877

25 Years

55

$150,340

$175,397

$200,454

30 Years

60

$209,282

$244,163

$279,043

35 Years

65

$284,509

$331,927

$379,345

Assumes 5% interest per year, and 100% of a $4,000 deductible is deposited each year. One Medical Savings Account insurer has paid 5% interest on balances in their Medical Savings Accounts since January 1, 1997, and has not changed their interest rate since 1/1/97. Source: The HSA Coalition

 

 

Individuals:

Possible Build-Up of Savings For Individuals With An HSA Under Different Time and Medical Expense Scenarios

Account Balance After X Years

Age of Head of Household Starting at 25

Health Savings Account Balances (Assumes a $2,000 Deductible and Deposit Each Yr.)

After Individual Medical Expenses of $1,000 Each Yr

After Individual Medical Expenses of $500 Each Yr

Zero Individual Medical Expenses

5 Years

30

$5,802

$8,703

$11,604

10 Years

35

$13,207

$19,810

$26,414

15 Years

40

$22,657

$33,986

$45,315

20 Years

45

$34,719

$52,079

$69,439

25 Years

50

$50,113

$75,170

$100,227

30 Years

55

$69,761

$104,641

$139,522

35 Years

60

$94,836

$142,254

$189,673

40 Years

65

$126,840

$190,260

$253,680

Assumes 5% interest per year, and 100% of a $2,000 deductible is deposited each year. One Medical Savings Account insurer has paid 5% interest on balances in their Medical Savings Accounts since January 1, 1997, and has not changed their interest rate since 1/1/97. Source: The HSA Coalition, 2004

 

 

Note, that these charts do not reflect the maximum amount of money that can be built up, if the maximum allowable deposits into the health savings account are made each year. The maximum allowable amounts for 2004 are $5,150.00 for a family, and $2,600.00 for an individual. The charts assume $4,000.00 per year deposit for families, and a $2,000.00 per year deposit for an individual.