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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, 2010 to add your contribution for the previous year. If you are between the ages of 55 - 65, then you are also eligible to make a catch-up contribution of $1000 (2009).

For tax year 2010 a high deductible health plan (HDHP) is defined as a plan having an annual deductible amount 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 $5,950 for Self-Only coverage, and $11,900 for Family coverage. For an eligible individual that is covered by the same HDHP for the entire calendar year, the maximum contribution is the deductible amount (excluding out-of-network deductible) not to exceed $3,050 for those with single coverage, or $6,150 for those with family coverage. Eligible individuals age 55 or older may make additional "catch-up" contributions of up to $1000 in 2010.

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 Release JS-1061.