Online Tool Calculates Health Savings
The Principal Financial Group offers personalized view of health savings account potential
August 20, 2009 (Des Moines, IA) — Individuals considering a health savings account as an alternative to traditional health insurance need an easy way to determine eligibility and estimate potential savings. By simply answering a few questions, a new online tool from the Principal Financial Group® identifies eligibility, contributions and tax savings.
"The economic recession created a wake up call for Americans to take a fresh look at saving for the unexpected. With health care costs on the rise, Americans should consider new ways to put money aside for future health care expenses," said Jerry Ripperger, national director for consumer health of the Principal Financial Group. "By running the numbers online, many individuals will realize health savings accounts are a smart way to save money tax-free for future costs."
The health savings account calculator from The Principal® walks individuals through three steps including:
- Determining eligibility
- Calculating contribution maximums
- Estimating potential savings and future account value
Once the steps are complete, users receive a personalized summary of the information so they can evaluate the benefits of starting a health savings account. The calculator is available to the public at www.principal.com/hsacalculator.
About the Principal Financial Group
The Principal Financial Group® (The Principal ®)[1] is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies. A member of the Fortune 500, the Principal Financial Group has $257.7 billion in assets under management[2] and serves some 18.8 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.
