Employers / HR Professionals

This is for:

  • Employers – looking to reduce Health Care costs
  • HR Professionals – facilitators of annual Open Enrollment engagements

CHALLENGES / NEEDS

  • Employer Health Care costs continue to rise
  • HR inundated with questions during Open Enrollment about the Plan offerings 

SOLUTIONS

  • Companies can make the Calculator available to Employees as an added benefit


  • HR can utilize the Calculator to facilitate Open Enrollment engagements

BENEFITS

  • Reduced Employer matched Health Care costs due to Employees making more cost-conscious decisions


  • Generates good-will with Employees


EXAMPLE

POTENTIAL EMPLOYER HEALTH CARE COST SAVINGS

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


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