Save Big with a WageWorks Healthcare FSA

If you make $30,000 a year and make the maximum contribution to your Healthcare FSA, you could take home $780 more in one year. Here’s what your tax savings looks like:

 

Your Estimated Tax Savings
Without Healthcare FSA With Healthcare FSA
Gross annual pay (estimate) $30,000 Gross annual pay (estimate) $30,000
Estimated tax rate (30%) -$9,000 Max. annual Healtcare FSA contribution -2,600
Net annual pay =$21,000 Adjusted gross pay =$27,400
Estimated annual healthcare expenses -$2,600 Estimated tax rate (30%) -$8,220
Final take-home pay =$18,400 Final take-home pay =$19,180
Take home this much more with a Healthcare Account $780

All figures in this table are estimates and based on an annual salary of $30,000 and maximum contribution limits to the benefit account. Your salary, tax rate, healthcare expenses, and tax savings may be different.

 

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How Much Can You Save?

Calculate your potential savings based on your annual pay, contributions, budget, and spending patterns.

Choose Your Profile

  • Single
  • Couple
  • Age 18-28
  • Age 29-39
  • Age 40-64
  • Age 65+
  • With Young Children
  • With Teenagers
  • With Elder Dependents

General Healthcare

These are Average General Health Care Expenses for your Profile.

Drag the slider to fit your needs, or keep it on "average." When you finish, go to Dental / Vision.

Dental / Vision

These are Average Dental / Vision Expenses for your Profile.

Drag the slider to fit your needs, or keep it on "average." When you finish, go to Over-The-Counter.

Over-The-Counter

These are Over-The-Counter Expenses for your Profile.

Drag the slider to fit your needs, or keep it on "average." When you finish, go to Dependent Care.

Dependent Care

You can choose a WageWorks Dependent Care FSA.

Doctor visits and other medical expenses
$0
$0
 
$0
Prescriptions filled
$0
$0
 
$0
Employee contributions cannot exceed $2,500 or the employer's plan maximum; whichever is less. Review your employer's plan documentation for details.
 
Estimated Health Care FSA Contributions = $
Contributions are subject to limits of your plan.