Many people appreciate seeing how their situation will be addressed by various Medical Plan Options. . Employee-Only Coverage ScenariosSome of you may be wondering how likely, on average, it is to experience a high claims year. The statistics below may help you to see that the likelihood of experiencing a very high claims year is fairly low. (These statistics are based upon information received from our benefits consulting firm, Foster & Foster.) 5% of people will experience $40,000 or more in annual claims in any given year. 30% of people will experience about $5,000 in annual claims in any given year. 65% of people will experience $1,000 or less in annual claims in any given year.
These are simply statistics and you know your personal medical situation the best. Out-of-pocket maximums to consider:- HS 2000 - $4,000
- HS 3000 - $5,000
- HS 5000 - $5,000
Examples to considerThis chart shows three different employee scenarios in annual claims and how this plays out for the HS 2000, HS 3000 and HS 5000 plans. Employee 1 — $1,000 or less in annual claims Employee 2 — $5,000 in claims Employee 3 — $40,000 and above in claims
NOTE: This chart takes into account the Reliant Employer HSA Contributions that will help offset your expenses. Additionally, you may receive as much as a 20% tax savings if you elect to personally contribute into your HSA account (employee contributions). Scenario 1: $1,000 or less in claims
| HS 2000 Annual Cost | HS 3000 Annual Cost | HS 5000 Annual Cost |
|---|
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 employer contribution | $300 from Reliant | $300 from Reliant | $300 from Reliant | Medical Costs Minus HSA Employer Contribution (Use the HSA account for expenses) = Total Remaining Annual Costs | $0 to $1,000 -$300 =$0 to $700 | $0 to $1,000 -$300 =$0 to $700 | $0 to $1,000 -$300 =$0 to $700 |
Scenario 2: $5,000 or less in claims
| HS 2000 Annual Cost | HS 3000 Annual Cost | HS 5000 Annual Cost |
|---|
Medical Costs: $5000 in claims | Deductible: $2,000 10% Coinsurance: $300 Total: $2,300 | Deductible: $3,000 10% Coinsurance: $200 Total: $3,200 | Deductible: $5,000 No Co insurance Total: $5,000 | | HSA employer contribution | $300 from Reliant | $300 from Reliant | $300 from Reliant | Medical Costs Minus HSA Employer Contribution (Use the HSA account to pay these costs) = Total Remaining Annual Costs | $2,300 -$300 = $2,000 | $3,200 -$300 = $2,900 | $5,000 -$300 = $4,700 |
Scenario 3: $40,000 and above in claims
| HS 2000 Annual Cost | HS 3000 Annual Cost | HS 5000 Annual Cost |
|---|
Medical Costs: $40,000 and above in claims | Deductible: $2,000 10% Coinsurance: $ Total: $4,000 | Deductible: $3,000 10% Coinsurance: $2,000 Total $5,000 | Deductible: $5,000 No Co insurance Total: $5,000 | | HSA employer contribution | $300 from Reliant | $300 from Reliant | $300 from Reliant | Medical Costs Minus HSA Employer Contribution (Use the HSA account to pay these costs) = Total Remaining Annual Costs | $4,000 -$300 = $3,700 | $5,000 -$300 = $4,700 | $5,000 -$300 = $4,700 |
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Employee + Spouse/ Employee + Child(ren) Coverage ScenariosSome of you may be wondering how likely, on average, it is to experience a high claims year. The statistics below may help you to see that the likelihood of experiencing a very high claims year is fairly low. (These statistics are based upon information received from our benefits consulting firm, Foster & Foster.) 1% of couples/households will experience $100,000 or more in annual claims in any given year. 4% of couples/households will experience about $40,000 in annual claims in any given year. 30% of couples/households will experience about $5,000 in annual claims in any given year. 65% of couples/households will experience about $2,100 or less in annual claims in any given year.
These are simply statistics and you know your household's medical situation the best. Out-of-pocket maximums to consider: - HS 2000 - $8,000
- HS 3000 - $10,000
- HS 5000 - $10,000
Examples to consider This chart shows three different household scenarios in annual claims and how this plays out for the HS 20 HS 3000 and HS 5000 plans. - Couple/Household 1 — $1,000 or less in annual claims
Couple/Household 2 — $5,000 in claims Couple/Household 3 — $40,000 in claims Couple/Household 4 — $100,000 and above in claims
NOTE: This chart takes into account the Reliant Employer HSA Contributions that will help offset your expenses. Additionally, you may receive as much as a 20% tax savings if you elect to personally contribute into your HSA account (employee contributions). Scenario 1: $1000 or less in claims
| HS 2000 Annual Cost | HS 3000 Annual Cost | HS 5000 Annual Cost |
|---|
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 Employer Contribution | $600 from Reliant | $600 from Reliant | $600 from Reliant | Medical Costs (Use the HSA account to pay these costs) = Total Remaining Annual Costs | $0 to$1,000 -$600 $0 - $400 | $0 to $1,000 -$600 $0 - $400 | $0 to $1,000 -$600 $0 - $400 |
Scenario 2: $5,000 or less in claims
| HS 2000 Annual Cost | HS 3000 Annual Cost | HS 5000 Annual Cost |
|---|
Medical Costs: $5,000 in claims | Deductible: $4,000 10% Coinsurance: $100 Total: $4,100 | Deductible: $5,000 10% Coinsurance: $0 Total: $5,000 | Deductible: $5,000 No Co insurance Total: $5,000 | | HSA Employer Contribution | $600 from Reliant | $600 from Reliant | $600 from Reliant | Medical Costs Minus HSA Employer Contribution (Use the HSA account to pay these costs) = Total Remaining Annual Costs | $4,100 -$600 = $3,500 | $5,000 -$600 = $4,400 | $5,000 -$600 = $4,400 |
Scenario 3: $40,000 or less in claims
| HS 2000 Annual Cost | HS 3000 Annual Cost | HS 5000 Annual Cost |
|---|
Medical Costs: $40,000 in claims | Deductible: $4,000 10% Coinsurance: $3 Total: $,000 | Deductible: $6,000 10% Coinsurance: $3 Total: $ | Deductible: $10,000 No Co insurance Total: $10,000 | | HSA Employer Contribution | $600 from Reliant | $600 from Reliant | $600 from Reliant | Medical Costs Minus HSA Employer Contribution (Use the HSA account to pay these costs) = Total Remaining Annual Costs | $7 -$600 = $ | $ -$600 = $ | $10,000 -$600 = $9,400 |
Scenario 4: $100,000 and above in claims
| HS 2000 Annual Cost | HS 3000 Annual Cost | HS 5000 Annual Cost |
|---|
Medical Costs: $100,000 and above in claims | Deductible: $4,000 10% Coinsurance: $4,000 Total: $8,000 | Deductible: $6,000 10% Coinsurance: $4 Total: $10,000 | Deductible: $10,000 No Co insurance Total: $10,000 | | HSA Employer Contribution | $600 from Reliant | $600 from Reliant | $600 from Reliant | Medical Costs Minus HSA Employer Contribution (Use the HSA account to pay these costs) = Total Remaining Annual Costs | $8,000 -$600 = $7,400 | $10,000 -$600 = $9,400 | $10,000 -$600 = $9,400 |
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Family Coverage ScenariosSome of you may be wondering how likely, on average, it is to experience a high claims year. The statistics below may help you to see that the likelihood of experiencing a very high claims year is fairly low. (These statistics are based upon information received from our benefits consulting firm, Foster & Foster.) 1% of families will experience $100,000 or more in annual claims in any given year. 4% of families will experience about $40,000 in annual claims in any given year. 30% of families will experience about $5,000 in annual claims in any given year. 65% of families will experience about $2,100 or less in annual claims in any given year.
These are simply statistics and you know your family's medical situation the best. Out-of-pocket maximums to consider: - HS 20 - $8,000
- HS 3000 - $10,000
- HS 5000 - $10,000
Examples to consider This chart shows three different family scenarios in annual claims and how this plays out for the HS 20, HS 3000 and HS 5000 plans. - Family 1 — $1,000 or less in annual claims
Family 2 — $5,000 in claims Family 3 — $40,000 in claims Family 4 — $100,000 and above in claims
NOTE: This chart takes into account the Reliant Employer HSA Contributions that will help offset your expenses. Additionally, you may receive as much as a 20% tax savings if you elect to personally contribute into your HSA account (employee contributions).
| HS 2000 Annual Cost | HS 3000 Annual Cost | HS 5000 Annual Cost |
|---|
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 Employer Contribution | $900 from Reliant | $900 from Reliant | $900 from Reliant | Medical Costs Minus HSA Employer Contribution (Use the HSA account to pay these costs) = Total Remaining Annual Costs | $0 to$1,000 -$900 $0 - $100 | $0 to $1,000 -$900 $0 - $100 | $0 to $1,000 -$900 $0 - $100 |
| HS 2000 Annual Cost | HS 3000 Annual Cost | HS 5000 Annual Cost |
|---|
Medical Costs: $5,000 in claims | Deductible: $4,000 10% Coinsurance: $100 Total: $4,100 | Deductible: $5,000 10% Coinsurance: $0 Total: $5,000 | Deductible: $5,000 No Co insurance Total: $5,000 | | HSA Employer Contribution | $900 from Reliant | $900 from Reliant | $900 from Reliant | Medical Costs Minus HSA Employer Contribution (Use the HSA account to pay these costs) = Total Remaining Annual Costs | $4,100 -$900 = $3,200 | $5,000 -$900 = $4,100 | $5,000 -$900 = $4,100 |
| HS 2000 Annual Cost | HS 3000 Annual Cost | HS 5000 Annual Cost |
|---|
Medical Costs: $40,000 in claims | Deductible: $4,000 10% Coinsurance: $3,600 Total: $7,600 | Deductible: $6,000 10% Coinsurance: $3,400 Total: $ | Deductible: $10,000 No Co insurance Total: $10,000 | | HSA Employer Contribution | $900 from Reliant | $900 from Reliant | $900 from Reliant | Medical Costs Minus HSA Employer Contribution (Use the HSA account to pay these costs) = Total Remaining Annual Costs | $7,600 -$900 = $6,700 | $ -$900 = $ | $10,000 -$900 = $9,100 |
| HS 2000 Annual Cost | HS 3000 Annual Cost | HS 5000 Annual Cost |
|---|
Medical Costs: $100,000 and above in claims | Deductible: $4,000 10% Coinsurance: $4,000 Total: $8,000 | Deductible: $6,000 10% Coinsurance: $4 Total: $10,000 | Deductible: $10,000 No Co insurance Total: $10,000 | | HSA Employer Contribution | $900 from Reliant | $900 from Reliant | $900 from Reliant | Medical Costs Minus HSA Employer Contribution (Use the HSA account to pay these costs) = Total Remaining Annual Costs | $8,000 -$900 = $7,100 | $10,000 -$900 = $9,100 | $10,000 -$900 = $9,100 |
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All out-of-pocket medical costs may be paid for from the HSA account. See Annual HSA Contribution Limits for details of how much you can contribute into the HSA as a personal employee contribution. |
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