Reality: Medical Expenses are low for most of us.
This chart shows Annual Medical Expenses for the United States population by percentage:
|
Money Spent on Medical Care
Annually |
Percentage of U.S.
Population |
|---|---|
|
No Medical Expenses $0
|
33%
|
|
$1 – $500
|
40%
|
|
$501 – $1,000
|
9%
|
|
$1,001 – $2,000
|
7%
|
|
$2,001 – $5,000
|
6%
|
|
$5,001 – $10,000
|
3%
|
|
$10,001 – $25,000
|
3%
|
|
$25,001 – $50,000
|
.5%
|
|
$50,001 – $100,000
|
.2%
|
|
$100,001 – And Up
|
.05%
|
Seventy-three percent of the population spends $500 or less on Medical Expenses per year. Eighty-two percent spends less than $1,000. Most people will not spend all of their HSA funds in a year. What is not spent is theirs to keep and earn interest.
