HSA Contribution Calculator

This easy to use calculator can be used to determine whether you qualify for a Health Savings Account. It also provides an estimate of how much per year you may contribute to your new HSA Account if you qualify.

* Select your health plan Coverage type:

* Health plan annual Deductible amount:

* Are you 55 or older?

Please provide the information above to calculate your HDHP eligibility.

* Required field. It is important to note that you have until April 15, 2013 to add your contribution for the previous year. If you are 55 and older, you are also eligible to make a catch-up contribution of $1,000 (2012).

For tax year 2012, a high deductible health plan (HDHP) is defined as a plan having a minimum deductible of at least $1,200 for self-only coverage, and at least $2,400 for family coverage; and having a maximum annual out-of-pocket expense of $6,050 for self-only coverage, and $12,100 for family coverage. For an eligible individual that is covered by the same HDHP for the entire calendar year, the maximum contribution limit is not to exceed $3,100 for those with single coverage, or $6,250 for those with family coverage.

PLEASE NOTE: The accuracy of this calculator and its applicability to your circumstances is not guaranteed. You should obtain personal advice from qualified professionals. Farm Bureau Bank is providing this calculator "as is" without any warranty of any kind, either expressed or implied, including without limitation the implied warranties of merchantability and fitness for a particular purpose. Any risk arising out of use or performance of this calculator remains entirely with the user. By using this calculator, you agree that under no circumstances will Farm Bureau Bank be liable for any damages whatsoever arising out of the use or performance of this calculator. For a full description of HSAs please refer to IRS Publication 969.