Page 11 - American Advisors Group Benefit Guide 2_NonCA

EMPLOYEE BENEFITS 11

Facts About Health Savings Account (HSA)
Pay for
» Cobra Premiums
» Medical Co-payments
» Eligible dental fees not covered by your dental plan
» Eye glasses, contacts, and more
The money you invest into the account is ALWAYS YOURS TO KEEP.
You can leave it in the account to accumulate.
You can invest it (once your balance is $1,000).
You can spend it now – tax free- on eligible health care expenses.

Comparing your plans – James Smith
PPO HSA 1500
Services
(In-Network) (In-Network)
Annual Preventative Office Visit No charge No charge
James Smith Tier 1 – Maintenance medication $120 $120 (Preventative List)
for 12 months
Employee only coverage
• 1 preventative care visit Employee Annual Medical $5,160 $1,800
• Monthly maintenance medication Contribution (Employee only)
• Does not need additional medical
care for the rest of the year
Total Annual Spent $5,280 $1,920

Difference: $3,360

Comparing your plans – Jared Jones
PPO HSA 3500
Services
(In-Network) (In-Network)
Annual Preventative Office Visit No charge No charge
4 Office Visits $160 $400
Jared Jones 1 Specialist office visit $40 $175
Family coverage (4 members) 1 Emergency Visit $3,250 (includes family $7,000 (includes family
deductible)
deductible)
• 4 office visits for the year for the
entire family Employee Annual Medical $20,400 $10,320
• 1 Emergency Room visit Contribution (Employee and Family)
• Family annual deductible met
$23,850 $17,895
Total Annual Spent
(includes family deductible) (includes family deductible)
Difference: $5,955