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NOTE: This chart takes into account the Reliant Employer HSA Contributions that will help offset your expenses and a 20% tax savings that you’ll realize if you additionally personally contribute up to the (ER + EE) maximum of $3,400 to your HSA account.
| HS 1500 Annual Cost | HS 3000 Annual Cost | HS 5000 Annual Cost | |
|---|---|---|---|
Employee 1 Medical Costs: $1,000 or less in claims | $0 (preventive only) to $1,000 | $0 (preventive only) to $1,000 | $0 (preventive only) to $1,000 |
| HSA savings* | $420 from Reliant +20% tax savings | $600 from Reliant + 20% tax savings | $600 from Reliant + 20% tax savings |
Medical Costs -HSA Savings =Total Annual Costs
| $0 to $1,000 $420 to $536 =$0 to $464 | $0 to $1,000 $600 to $680 =$0 to $320 | $0 to $1,000 $600 to $680 =$0 to $320 |
Employee 2 Medical Costs: $5000 in claims | Deductible: $1,500 Coinsurance: $350 Total: $1,850 | Deductible: $3,000 Coinsurance: $200 Total: $3,200 | Deductible: $5,000 Coinsurance: $0 Total: $5,000 |
| HSA Savings* | $420 from Reliant + 20% tax savings | $600 from Reliant + 20% tax savings | $600 from Reliant + 20% tax savings |
Medical Costs -HSA Savings = Total Annual Cost | $1,850 -$420 to $706 = $1,144 to $1,430 | $3,200 -$600 to $1,120 =$2,080 to $2,600 | $5000 -$600 to $1,160 =$3,840 to $4,400 |
Employee 3 Medical Costs: $40,000 and above in claims | Deductible: $1,500 Coinsurance: $1,500 Total: $3,000 | Deductible: $3,000 Coinsurance: $3,000 Total $6,000 | Deductible: $5,000 Coinsurance: $0 Total: $5,000 |
| HSA Savings * | $420 from Reliant + 20% tax savings | $600 from Reliant + 20% tax savings | $600 from Reliant + 20% tax savings |
Medical Costs -HSA Savings = Total Annual Cost | $3,000 -$420 to $936 = $2,064 to $2,580 | $6,000 -$600 to $1,160 = $4,840 to $5,400 | $5,000 -$600 to $1,160 = $3,840 to $4,400 |
*HSA Savings range includes Reliant HSA contribution plus optional member contribution up to $3,400 total. All out-of-pocket medical costs may be paid for from the HSA, resulting in a 20% or more savings from using pre-tax funds.
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