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Erica just started a new job and one of her first tasks is to sign up for health insurance. Option 1: HDHP w/ HSA (High
Erica just started a new job and one of her first tasks is to sign up for health insurance. Option 1: HDHP w/ HSA (High Deductible Health Plan) w/ Health Savings Account Monthly Cost: $68.00 Company Contribution to HSA (annually): $500.00 Deductible: $1,350 (until deductible is met out of pocket = 100%. After deductible 80/20 split) {80% insurance/20% employee} Out of Pocket Max (per year): $3,000 (once Out of Pocket max is met all claims are paid 100% by insurance) Rx Plan: payments made for prescriptions count towards the deductible and Out of Pocket Max Option 2: PPO Monthly Cost: $137.50 Company Contribution to HSA (annually): 0 (no HSA offered) Deductible: $600.00 {80% insurance/20% employee} Out of Pocket Max (per year): $2,200 (once Out of Pocket max is met all claims are paid 100% by insurance) Rx Plan: payments made for prescriptions do NOT count towards the deductible and Out of Pocket Max Well woman and annual physicals are paid 100% by both plans. What is the cost of each plan and which plan is best for Erica. Please help ?!?!?? Now you do not know if Erica has any medical conditions that will help her make an informed decision
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