Health Savings Account Calculators

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Michigan Health Insurance – Customer Service – Calculators and Tools

If you have a high deductible and you spend a lot of money out-of-pocket on your qualified medical expenses, this tool will help you see whether you could save money by choosing an HSA.

Is a health savings account right for you?

A health savings account, or HSA, is a bank account that you use specifically for qualified medical expenses. You don’t have to pay taxes on the money you put in it. 

If you have a high deductible and you spend a lot of money out-of-pocket on your medical expenses, an HSA might be right for you.

You can use our HSA calculators to see how an HSA saves you money.

The Health Savings Account (HSA) calculators are illustrative only, and accuracy is not guaranteed. Calculators are intended to provide a comparative tool for various consumer health care options and potential costs and savings of those options. Blue Cross Blue Shield of Michigan and its affiliates are not tax or legal advisors. The calculators are not intended to offer any tax, legal or financial advice and do not assure the availability of or your eligibility for any specific product offered by Blue Cross Blue Shield of Michigan or its affiliates. Please consult with qualified professionals to discuss your situation. This page contains links to third-party content, which may be articles, videos, or calculators only as a convenience. Articles, videos and calculators have been written and produced by third parties not affiliated with Blue Cross Blue Shield of Michigan or any of its affiliates. Neither Blue Cross Blue Shield of Michigan nor any of its affiliates is responsible for the content.

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