Page 3 - Future Steps
P. 3
Future Steps for Ron and Judy Note: Ron and Judy paid $294
Ron and Judy are empty nesters who are looking forward to retiring in the next less premium than they do now,
eight years. They have been reasonably healthy, but they have concerns about and they would have paid $788
having enough money saved to meet medical costs after Ron leaves W&T more under the 2017 renewal
Offshore. Judy developed high blood pressure, and her doctor recommended plan. They took advantage of
an exploratory surgery and a follow-up. Judy needs to start taking a special the pre-tax savings available in
prescription to alleviate the high blood pressure. Both Ron and Judy are careful the HSA account, and they used
to have their annual physicals to stay ahead of any other problems. the “catch up” provision because
they’re over 55 years old. Although
they paid more out-of-pocket for
2017 2017 PPO Plan 2016 PPO Plan medical services they used, they
Quoted
Employee/Spouse Coverage Future Steps Renewal Rates Actual concentrated on building their
Annual Physicals $0 $0 $0 HSA with pre-tax dollars. They
have started a powerful savings
(average cost $150) (covered 100%) (covered 100%) (covered 100%) tool in the HSA that will grow over
$2,600 $1,000 $500 the next eight years to give them
2 In-Patient Procedures for Judy (deductible) (deductible) (deductible) more inancial security in their
($2,500 per procedure) $480 (20% $800 (20% $900 (20%
coinsurance) coinsurance) coinsurance) retirement.
2 Specialty Medications for Judy $200 (20% $300 copay $300 copay
($500 per med; $1,000 total) coinsurance)
Judy’s costs for Services and $3,280 $2,100 $1,700
Medications She Used
Ron and Judy’s Premiums $3,248 $4,036 $3,542
Ron and Judy’s Total Out-of- $6,528 $6,136 $5,242
Pocket Medical Costs
W&T Offshore HSA Contribution $1,500
Ron and Judy’s Personal HSA $5,250
Contribution
Ron and Judy’s “Catch-Up” HSA
Contribution $1,000
HSA Funds Used ($1,000)
Funds Remaining in Ron and
Judy’s HSA Account $6,750
These illustrative costs do not
relect BCBSTX network discounts
and savings which may apply.
Ron and Judy are empty nesters who are looking forward to retiring in the next less premium than they do now,
eight years. They have been reasonably healthy, but they have concerns about and they would have paid $788
having enough money saved to meet medical costs after Ron leaves W&T more under the 2017 renewal
Offshore. Judy developed high blood pressure, and her doctor recommended plan. They took advantage of
an exploratory surgery and a follow-up. Judy needs to start taking a special the pre-tax savings available in
prescription to alleviate the high blood pressure. Both Ron and Judy are careful the HSA account, and they used
to have their annual physicals to stay ahead of any other problems. the “catch up” provision because
they’re over 55 years old. Although
they paid more out-of-pocket for
2017 2017 PPO Plan 2016 PPO Plan medical services they used, they
Quoted
Employee/Spouse Coverage Future Steps Renewal Rates Actual concentrated on building their
Annual Physicals $0 $0 $0 HSA with pre-tax dollars. They
have started a powerful savings
(average cost $150) (covered 100%) (covered 100%) (covered 100%) tool in the HSA that will grow over
$2,600 $1,000 $500 the next eight years to give them
2 In-Patient Procedures for Judy (deductible) (deductible) (deductible) more inancial security in their
($2,500 per procedure) $480 (20% $800 (20% $900 (20%
coinsurance) coinsurance) coinsurance) retirement.
2 Specialty Medications for Judy $200 (20% $300 copay $300 copay
($500 per med; $1,000 total) coinsurance)
Judy’s costs for Services and $3,280 $2,100 $1,700
Medications She Used
Ron and Judy’s Premiums $3,248 $4,036 $3,542
Ron and Judy’s Total Out-of- $6,528 $6,136 $5,242
Pocket Medical Costs
W&T Offshore HSA Contribution $1,500
Ron and Judy’s Personal HSA $5,250
Contribution
Ron and Judy’s “Catch-Up” HSA
Contribution $1,000
HSA Funds Used ($1,000)
Funds Remaining in Ron and
Judy’s HSA Account $6,750
These illustrative costs do not
relect BCBSTX network discounts
and savings which may apply.
