Did You Know? Employees are now contributing 45% more to their health care expenses than they did...
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Transcript of Did You Know? Employees are now contributing 45% more to their health care expenses than they did...
Did You Know?
Employees are now contributing 45%
more to their health care expenses than they did five years
ago. Towers Watson/NBGH Employer Survey, April, 2011
That’s right.
And if you have a family, you know your out-of-pocket expenses
have gone up too.
Just take a look…
A family of four can
expect to pay over $3,000
a year in medical
expenses not covered by insurance!
That Includes:
Out-of-Pocket Expenses
Annual Average
Taxes Saved (25% Tax Bracket)
Physician: $940 $254
Pharmacy: $660 $178
Inpatient Hospital:
$870 $235
Other: $105 $28
Outpatient Hospital:
$430 $116
TOTAL: $3,005 $811
But, if that $3,000 is put into a Health Care
FSA, a family could save over in
taxes.Out-of-pocket expenses through member cost sharing at time of service. Per Milliman Medical Index 2010, published May 2010
$800
That’s because there is a tax-saving
benefit
that can save you an easy 20-30
percent on your hard-earned money,
And, 100% of employees are
eligible to enroll –
A Flexible Spending Account
(FSA).
FSAs let you use pre-tax money
to pay for medical expenses not
covered by your health plan.
So, whether you need to pay for
Prescription Copays
Glasses
Contacts
Dental Expenses
Braces
Allergists
EligibleOver-the-Counter
(OTC) items
In-vitro Reproductive
Services
Speech Therapy
FSAs are a guaranteed discount
on money you’re already spending on
health care.
And, FSA dollars can also be used for
Licensed family or child daycare
centers
And, Day Camps
Life Happens.
Be prepared
To Save
On Your Out-of-Pocket Health Care
Expenses.
Maximize Your Employee Benefits
You
Will
Save
BIG!
Sign Up for an FSA Today and Start
SAVING Right Away!Start right away
Look for details during open
enrollment, or talk to Human Resources
for more information.
Check your Open Enrollment DatesFor more information
Contact
Call Customer Service(800) 631-3539