Nicole's family is usually in good health. She doesn't smoke, and they get their annual physicals. They use in-network doctors and pharmacies. They have a pretty smooth year.
Let's take a look…
All of the family members get their physicals and the kids get their immunizations.
$125 x 4 = $500
100% paid by the Company!
A few of them go to the doctor for the flu. The kids also go to the doctor a few times for sinus infections and a few rashes that won't go away. Each trip includes a few generic prescriptions.
$125 visit x 8
$25 generic x 10
Nicole has a condition that's managed through medication, but it requires an expensive brand-name drug to manage it. She fills her prescription through mail order.
$375 non-preferred prescription x 4
One of the kids has allergies and begins taking a generic medication. Nicole fills it once at the pharmacy then switches to mail order for the rest of the year.
$25 generic x 1
$70 generic x 2
Nicole has incurred a total of $3,415 in expenses from providers and services. Now, let’s see which plan would have been better for Her!
in total expenses
In the HSA plan, Nicole pays for Her care out-of-pocket, while in the PPO plan, She pays copays for most of Her care.
And the winner is...
In the HSA plan, Nicole pays for Her care out-of-pocket, while in the PPO plan, She pays copays for most of Her care.