Principal Financial Group is offering personalized views of health savings account potential through a new online tool.

The Des Moines, Iowa-based company unveiled a health savings account calculator now available on its website.

The online tool walks individuals through three steps determining eligibility, calculating contribution maximums and estimating potential savings and future account value. Once the steps are complete, users receive a personalized summary of the information to evaluate the benefits of an HSA. Users can access the tool on Principal Financial’s website.

“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, in a statement. “By running the numbers online, many individuals will realize health savings accounts are a smart way to save money tax-free for future costs.”