Page 2 - 2017 FutureSteps
P. 2
Future Steps for Carolyn
Carolyn is a single mom with two young children. Like all kids, they’re into
everything. The four year old, Sam, had a bad fall at day care and had to
be rushed to the emergency room. Sam required two follow-up visits to the
doctor before he was good to go. Fortunately, the kids had no other mishaps,
and she was able to get her annual well woman exam done before the end of
the year.
How does Future Steps take care of Carolyn’s costs, and what would she
have spent in the PPO plans?
2017 2017 PPO Plan 2016 PPO Plan
Employee/Child Coverage Future Steps Renewal Actual
1 ER Visit for Sam
(average cost $1,200) $1,200 $1,000 $500
2 doctors visits for Sam $50 $40
($200 per visit) $400 (2 $25 copays) (2 $20 copays)
$0 $0 $0
Well Woman Exam (covered (covered (covered
100%) 100%) 100%)
Carolyn’s Costs for Services
She Used $1,600 $1,090 $680 Note: Carolyn’s premiums went down
Carolyn’s Premiums $2,784 $3,460 $3,420 $636 from 2016 and $676 from the
Carolyn’s Total Out-of-Pocket renewal PPO. Carolyn was careful
Medical Costs $4,384 $4,550 $4,100
to use an in-network doctor for Sam.
W&T Offshore HSA $1,500 If she had met the $5,200 family
Contribution deductible, the plan would have paid
Carolyn’s Personal HSA $1,000 80% of the costs above that level. As
Contribution it stands, Carolyn decided to save part
HSA Funds Used ($1,200) of her HSA account to roll into next
year, and she gets the tax advantage
Funds Remaining in Carolyn’s of putting money into the account pre-
HSA Account $1,300
Carolyn’s Actual Medical tax, and paying for medical expenses
Costs in 2017 $3,184 $4,550 $4,100 from the account with pre-tax dollars.
Carolyn is a single mom with two young children. Like all kids, they’re into
everything. The four year old, Sam, had a bad fall at day care and had to
be rushed to the emergency room. Sam required two follow-up visits to the
doctor before he was good to go. Fortunately, the kids had no other mishaps,
and she was able to get her annual well woman exam done before the end of
the year.
How does Future Steps take care of Carolyn’s costs, and what would she
have spent in the PPO plans?
2017 2017 PPO Plan 2016 PPO Plan
Employee/Child Coverage Future Steps Renewal Actual
1 ER Visit for Sam
(average cost $1,200) $1,200 $1,000 $500
2 doctors visits for Sam $50 $40
($200 per visit) $400 (2 $25 copays) (2 $20 copays)
$0 $0 $0
Well Woman Exam (covered (covered (covered
100%) 100%) 100%)
Carolyn’s Costs for Services
She Used $1,600 $1,090 $680 Note: Carolyn’s premiums went down
Carolyn’s Premiums $2,784 $3,460 $3,420 $636 from 2016 and $676 from the
Carolyn’s Total Out-of-Pocket renewal PPO. Carolyn was careful
Medical Costs $4,384 $4,550 $4,100
to use an in-network doctor for Sam.
W&T Offshore HSA $1,500 If she had met the $5,200 family
Contribution deductible, the plan would have paid
Carolyn’s Personal HSA $1,000 80% of the costs above that level. As
Contribution it stands, Carolyn decided to save part
HSA Funds Used ($1,200) of her HSA account to roll into next
year, and she gets the tax advantage
Funds Remaining in Carolyn’s of putting money into the account pre-
HSA Account $1,300
Carolyn’s Actual Medical tax, and paying for medical expenses
Costs in 2017 $3,184 $4,550 $4,100 from the account with pre-tax dollars.
