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HSA Savings Calculator

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Be ready to pay for health care costs now and in the future
The Health Savings Account (HSA) calculator can help you estimate how much to
set aside for health care expenses – now and in the future. In addition to
helping you plan for your current year’s contribution, the calculator can show
you how saving just a bit more or spending just a bit less each year could
impact your balance over the long term. Find out if you’re an HSA Saver or
Spender and tips for making the most of your HSA.

About Triple Tax Advantages: You can receive tax-free distributions from your
HSA to pay or be reimbursed for qualified medical expenses you incur after you
establish the HSA. If you receive distributions for other reasons, the amount
you withdraw will be subject to income tax and may be subject to an additional
20% tax. Any interest or earnings on the assets in the account are tax free. You
may be able to claim a tax deduction for contributions you, or someone other
than your employer, make to your HSA. Bank of America recommends you contact
qualified tax or legal counsel before establishing a HSA.

Bank of America makes available The HSA for Life® Health Savings Account as a
custodian only. The HSA for Life is intended to qualify as a Health Savings
Account as set forth in Internal Revenue Code Section 223. However, the account
beneficiary that establishes the HSA is solely responsible for ensuring that
he/she satisfies the Health Savings Account eligibility requirements set forth
in Section 223. If an individual/employee establishes a Health Savings Account
and he/she is not otherwise eligible, he/she will be subject to adverse tax
consequences. In addition, an employer who makes contributions to an HSA of an
ineligible individual may also be subject to adverse tax consequences. We
recommend that HSA applicants and/or employers contact qualified tax or legal
counsel before establishing a Health Savings Account.

The calculators are provided by one or more third party service providers. The
figures entered on the input page of this calculator are for hypothetical
purposes only. You should enter figures that are appropriate to your individual
situation. The results provided by this calculator are also intended for
illustrative purposes only. You should not rely upon these figures as accuracy
is not guaranteed and products may not be available for your situation. Bank of
America and its affiliates are not tax or legal advisers. This calculator is not
intended to offer any tax, legal, financial or investment advice and does not
assure the availability of or your eligibility for any specific product offered
by Bank of America, its affiliates or any other institution, nor does this
calculator predict or guarantee the actual results of any investment product.
The terms and conditions of products offered by institutions will differ and may
affect the results of the calculator. Please consult with qualified
professionals to discuss your situation. On calculators which require you to
select an anticipated investment return, consideration should be given to
factors affecting your potential return such as investment objectives, risk
tolerance, and the time horizon for the investment. Remember, past performance
is no guarantee of future results. Contribution limits are for the 2023 plan
year.

Investing through the Plan involves risk, including the possible loss of the
principal value invested.

Mutual Fund investment offerings for the Bank of America HSA are made available
by Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”), a registered
broker-dealer, registered investment adviser, Member SIPC and a wholly owned
subsidiary of Bank of America Corporation (“BofA Corp.”). Investments in mutual
funds are held in an omnibus account at MLPF&S in the name of Bank of America,
N.A. (“BANA”), for the benefit of all HSA account owners. Recommendations as to
HSA investment menu options are provided to BANA by the Chief Investment Office
(“CIO”), Global Wealth & Investment Management (“GWIM”), a division of BofA
Corp. The CIO, which provides investment strategies, due diligence, portfolio
construction guidance and wealth management solutions for GWIM clients, is part
of the Investment Solutions Group (ISG) of GWIM. Investment products:

Are Not FDIC InsuredAre Not Bank GuaranteedMay Lose Value

MLPF&S makes available certain investment products sponsored, managed,
distributed or provided by companies that are affiliates of BofA Corp.

© 2022 Bank of America Corporation. All rights reserved. 4471875 07/2023