Page 5 - QSC Journey 2020 - All

Gibson’s Journey Continues

Gibson and his growing family of five are
currently enrolled in the OAP (PPO) plan.

How can Gibson save money while

keeping similar benefits?

At the last Open Enrollment, Gibson seriously considered moving his family
to the HSA PPO plan. However, that family deductible on the HSA PPO plan
was intimidating and he didn’t pull the trigger.

Gibson did the math once again for this upcoming Open Enrollment:

For the 2020 Year Moving to HSA Plan

Gibson’s cost from his paycheck $3,172 savings
QSC contribution towards Gibson’s
HSA bank account $2,340 additional free money
Gibson’s prior FSA contributions $1,500 transferred to HSA

account

With 1) the savings from his paycheck, 2) moving the money he contributed
last year into the FSA to the HSA bank account, and 3) the additional QSC
money being contributed to his HSA bank account, Gibson realizes savings of
over $7,000.

What does Gibson decide is his best option?
Gibson switches to the HSA PPO plan. He realizes:

 Even at the worst‐case scenario, he hits the $3,000 family deductible
and the $6,000 out of pocket maximum, the money in his account
would cover all his expenses.
 If he doesn’t hit the out of pocket plan maximum, he will have money
in his account to roll over and save for future health care expenses
and his family’s future.

NOTE: Cost illustrated assumes discounted rates