Healthcare Flexible Spending Account Tax Savings Calculator

Use this calculator to see how a Healthcare Flexible Spening Account (Sectiion 125 Plan) can save you money on your income taxes.

According to a recent survey, the average family of four spends almost $3,600 in co-pays, coinsurance and deductible costs for medical, dental and vision expenses. If you contribute $2,650 to a Healthcare Flexible Spending Account you would save approximately $583 in taxes. If you insert your annual compensation and Healthcare FSA contributions below, you will see what your approximate tax savings will be.