Save Big with a WageWorks HSA-Compatible FSA
If you make $60,000 a year and make the maximum contribution to your WageWorks® HSA-Compatible FSA, you could take home $780 more in one year. That’s real savings!
|Your Estimated Tax Savings|
|Without HSA-Compatible FSA||With HSA-Compatible FSA|
|Gross annual pay||$60,000||Gross annual pay||$60,000|
|Annual family coverage HSA contribution||-$6,650||Maximum annual HSA-compatible FSA contribution||-$2,600|
|Adjusted gross pay||=$53,350||Maximum annual family coverage HSA contribution||-$6,650|
|Tax rate (30%)||-$16,005||Adjusted gross pay||=50,750|
|Annual dental/vision care expenses||-$2,600||Tax rate (30%)||-$15,225|
|Final take-home pay||=$34,745||Final take-home pay||=$35,525|
Take home this much more with a Healthcare Account $780
How Much Can You Save?
Calculate your potential savings based on your annual pay, contributions, budget, and spending patterns.
Drag the slider to fit your needs, or keep it on "average." When you finish, go to Dental / Vision.
Drag the slider to fit your needs, or keep it on "average." When you finish, go to Over-The-Counter.
Drag the slider to fit your needs, or keep it on "average." When you finish, go to Dependent Care.
Starting in 2013, Congress has set $2,500 as the maximum annual amount any one individual can contribute to a healthcare flexible spending account, which limits the maximum amount you can save to $1,100. The maximum for a dependent care flexible spending account remains at $5,000, which limits the maximum amount you can save to $1,500.
Doctor visits and other medical expenses
Dental care, preventative and restorative
Estimated Health Care FSA Savings
Dependent Care Expenses If Eligible
Child or Senior care
Estimated Dependent Care FSA Savings
The numbers presented are potential tax savings based on 30%. Actual savings may vary from 25%-40%.