HSA Info

Sara Pomponi created the attached document in order for you to start planning ahead.  The costs to you are not significantly different.  The main difference will be the way in which you pay.
If you have questions before then, you can always contact Sara Pomponi ordirectly. sarap@cea.org
Sara is our CEA uniserv rep.

Projected Health Insurance Deductions for 2016-2017 school year

(Anticipated, won’t know real numbers until the spring, WHEA will share come open enrollment time)

Century Preferred PPO vs. the HDHP Health Savings Account Paycheck comparison*

Enrolled as: PPO, just premium out of paycheck PPO with Average copayments New HSA plan, just premium out of paycheck New HSA plan with the minimum contribution to the deductible WHEA encourages
Single $76.82 $96.07 $59.20 $96.70
2 Person $166.70 $214.89 $128.47 $203.47
Family $252.73 $291.88 $194.78 $269.78

 

Blue Care POE (HMO) vs. the HDHP Health Savings Account Paycheck comparison*

Enrolled as: POE, just premium out of paycheck POE with Average copayments New HSA plan, just premium out of paycheck New HSA plan with the minimum contribution to the deductible WHEA encourages
Single $71.48 $86.08 $59.20 $96.70
2 Person $155.10 $178.45 $128.47 $203.47
Family $235.15 $260.60 $194.78 $269.78

 

*represents average amount of copayments, everyone will be different, some will save substantially on copayments others will not, to get your exact comparison take the premium column then add in your annual copayments and pretend you spend them in the 10 month period of time your premium comes out of your paychecks then compare that amount to the “New HSA plan with the minimum contribution to the deductible” column.  Also remember, it is your choice to continue over funding your HSA account in the future years if you have enough money in the account to cover your deductible, some teachers will, and others will not and just pay the premium with the BOE’s contribution increasing the account.

 

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