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Health Care Estimator

You can reduce your out-of-pocket health care expenses by paying for them with before-tax dollars that you contribute to a Health Care Spending Account. If you choose to contribute to the Health Care account, the following calculator helps you determine how much to set aside. You can contribute from $50 to $5,000 a year. Important considerations:

Eligible Expenses: Deductibles, copayments, coinsurance, many uninsured expenses, expenses above plan benefit limits, expenses above Reasonable and Customary charges.

Ineligible Expenses: Most cosmetic procedures, health care premiums, any expense reimbursed by any other group plan, etc. For more information on the Health Care Reimbursement Account, see the Reimbursement Account section of Benefit Details.

Note: Expenses incurred by a same-sex domestic partner/civil union are not eligible for reimbursement.

This estimator uses 2007 tax information.

Estimate your eligible expenses

Include eligible expenses that you expect to incur between January 1, 2008 and March 15, 2009.

Health care expenses	Annual estimate for you	Annual estimate for your spouse	Annual estimate for your children
Copayments, coinsurance, and/or deductibles
Other medical expenses not reimbursed
Other dental expenses not reimbursed
Glasses and contact lenses not reimbursed
Hearing exams and hearing aids not reimbursed
Eligible over-the-counter drugs*
Other health care expenses not reimbursed

Indicate your tax status

Federal income tax filing status

Standard deduction assumed based on filing status (Note: If you itemize deductions and want to override the standard deduction, click on this box and enter the itemized deduction you want to use.)	$
Number of exemptions assumed (Note: If you want to change the number of exemptions to match your tax return, click on this box and enter the appropriate number.)
Your annual pay	$
Additional taxable household income (For example, spouse's income, investments, etc.)	$

Estimate your federal income tax savings

Ready to see your estimated tax savings? Click "Add it up!"

Estimated annual expenses (calculated)**	$
Total estimated federal income tax savings for 2008**	$

*For a list of eligible and ineligible over-the-counter products, click here.

**Based on 2007 federal tax rates. Assumes that any contributions to the account would otherwise be included as taxable income to you, and taxed at your marginal tax rate. Also assumes that 7.65% FICA tax applies if your annual pay is less than $102,000 in 2008 otherwise, FICA tax savings are 1.45%.

Keep in mind

This tool is based on current tax laws, which are subject to change. Estimates are provided for federal tax savings only.
Your own unique tax situation may result in tax savings different from those displayed.
This estimator in no way guarantees that any particular expenses will be eligible under the plan.
Under the Health Care Reimbursement Account, you have a two-and-a-half month extension for incurring claims. This means, if you enroll, you may use your annual account (January 1 through December 31, 2008) to pay for eligible health care services received and prescription drugs and products purchased through March 15, 2009.
We encourage you to consult your personal tax advisor if you have any questions about the Health Care Reimbursement Account or the results obtained from this estimator.