"Our HSA Program provides us with a unique and effective way to strengthen our retirement savings plan."

Linda and Mike are both 50, and looking for another way to supplement their retirement savings. They switched to a High Deductible Health Plan in order to open an HSA and contributed the full amount each year. While they are still healthy and working, they´re saving their money so it can grow and be used in retirement. Currently, they pay for their medical expenses out-of-pocket, save their receipts, and plan on claiming those expenses when they retire.

Comparison

Summary

If Linda and Mike contribute the maximum of $5650 into their HSA each year and don’t take any distributions, with conservative assumptions* their money will grow to roughly $115,365. When they retire at 65, they plan on filing their past claims, and take a tax-free distribution from their HSA to go on a Caribbean cruise. To see how much money your HSA can grow to, use our Future Value Calculator.