Employers / HR Professionals
IDENTIFIED AUDIENCE
- Employers – aiming to lower Health Care expenses
- HR Professionals – facilitators of annual Open Enrollment engagements
CHALLENGES / NEEDS
- Employer Health Care costs continue to rise
- HR is flooded with inquiries during Open Enrollment about the Plan costs, details, and options
SOLUTIONS
- Organizations can offer the Calculator to Employees as a valuable added benefit.
- HR can leverage the Calculator to enhance Open Enrollment interactions
BENEFITS
- Reduced Employer matched Health Care costs due to Employees making more cost-conscious decisions
- Generates good-will with Employees
EXAMPLE
POTENTIAL EMPLOYER SAVINGS ON MATCHED HEALTH CARE EXPENSES
Employees have choice of High Deductible Health Plan with HSA (HDHP / HSA) vs. EPO Plan
Single Employee Premiums – HDHP / HSA = $2,596/yr EPO = $3,107/yr
Family Employee Premiums – HDHP / HSA = $6,777/yr EPO = $7,480/yr
Assume Premium split – Employer 75% Employee 25%
Employer would save $1,533/yr per Single Employee who chooses HDHP / HSA vs. EPO
Employer would save $2,109/yr per Family Employee who chooses HDHP / HSA vs. EPO
