Page 7 - 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
$2,340 additional free money
bank account
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:
1) 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.
2) 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 assume discounted biometric rates

Questions:
Please contact the Human Resources Department.