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Tax Savings Calculator

Calculate your FSA Tax Savings

This calculator allows you to estimate your federal income tax savings based on your FSA contributions.

Tax Savings Calculator
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Start by providing your health plan information below.

This tool will help you estimate your out-of-pocket expenses and then how much tax savings you'd have if you contribute to a healthcare FSA. You may adjust any amounts as necessary and re-run this tool as many times as you'd like.

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Office Visit Coverage

Dollar amount you pay after office visits deductible is met
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Prescription Drug Coverage

Your plan has six tiers of prescription coverage, enter the coinsurance or copay amount that you typically access for you and/or your family. You can enter the # of prescriptions you purchase annually on the next page.
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Other Services Coverage (Lab, X-ray, Hospital, Skilled Nursing, etc.)

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Next, we need some financial information.

Please complete the fields below.

Visits per year, at an average of $150 per visit. Do not include preventive care visits if covered at 100%
Prescriptions filled per year, at an average of $75 per prescription
Estimate the dollar amount your providers will bill annually for all other services. For example, if you expect to a have at least one ER visit at a cost of $400 and an outpatient procedure at a cost of $1,500 then enter $1,900. We'll apply your coinsurance to this amount.
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Other Non-Medical Expense Types

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Enter the amount you will pay out-of-pocket for dental related expenses. Dental diagnostic services and preventive services (such as oral evaluations, routine cleanings, x-rays and fluoride treatments) are covered at 100%. You have up to $1,000 in first dollar coverage for orthodontia.
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Contribution Rules

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Tax Information

Enter your tax rate, including total of federal, state, and FICA. This can be found on pages 13-19 of IRS Publication 919. Access Publication 919 Here »
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We've calculated your estimated federal and state income tax savings

Adjust your contribution with the slider below to see how much more you can save.

  • Annual Contribution to your FSA
  • Contribution Per Pay Period
  • Estimated Annual Tax Savings
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Office Visits

Prescriptions

Other Services

Annual Estimated Costs



*For illustrative purposes only. Calculation is an estimate and results may vary.