Did you know about the FSA Health Care Calculator for HR Knowledgebase?
Out-of-pocket health care costs are rising every year.
Help your employees realize their income tax savings from your health care FSA plan with the FSA Health Care Calculator.
Using the FSA Health Care Calculator
The FSA Health Care Calculator is a tool for:
- Figuring health care costs for the calendar year
- Determining the amount of pre-tax dollars to contribute to a health care flexible spending account (FSA) per pay period
- Viewing the annual tax savings
Criteria include:
Estimate Expenses:
- Medical, dental, vision deductible and copays
- Medical expenses not covered by your health plan
- Prescription expenses not covered by your health plan
- Dental/orthopedic care expenses not covered by your health plan
- Vision care expenses not covered by your vision plan
- Medical equipment and other non-reimbursed medical expenses
Pay Periods and Taxes:
- Pay periods per year
- Federal tax bracket
Results include:
- Deduction per pay period
- Estimated annual tax savings
Locations for the FSA Health Care Calculator
The FSA Health Care Calculator typically appears:
• On the Calculators landing page
• On the Health and Wellness landing page
It can also appear on:
• A widget (e.g., the Calculators landing page widget)
• Content pages
• Other landing pages
For examples of FSA Health Care Calculator locations, please see V11 KB: About the FSA Health Care Calculator.
For questions or more information, contact your HRSD Advisor (Customer Success Manager (CSM)).
