Bill is single. He doesn't smoke and gets his annual physical. He uses in-network doctors and pharmacies, but he's had a tough year.
Let's take a look…
He gets his free annual physical.
$125 vist x 1
100% paid by the company!
He starts to feel bad and goes to his primary care doctor several times and his doctor gives him several generic medications that he fills at the pharmacy.
$125 visit x 6
$25 generic x 3
His problem gets worse, so he starts to see a specialist every week. During a few of his visits he is sent to an outside facility for lab work.
$200 visit x 6
$75 labs x 3
His condition gets worse and he goes to the ER twice.
$2,500 visit x 2
He ends up having surgery for his condition.
$25,000 surgery and hospital stay
He sees a physical therapist eight times to recover from his surgery and fills two new generic prescriptions through mail order.
$115 visit x 8
$70 generic mail order x 2
Bill has incurred a total of $32,810 in expenses from providers and services. Now, let’s see which plan would have been better for Him!
in total expenses
In the HSA plan, Bill pays for His care out-of-pocket, while in the PPO plan, He pays copays for most of His care.
And the winner is...
In the HSA plan, Bill pays for His care out-of-pocket, while in the PPO plan, He pays copays for most of His care.