1. How the CGCSC HDHP and HSA Work Together
Center Grove Community
School Corporation
October 30, 2013
Dr. Paul Gabriel, CFO

2. Introduction Let’s talk about our new HDHP/HSA Plan
You should first watch these videos:
Why You Should Consider an HDHP/HSA Plan
What is an HSA?
Go to our website for more info:

3. Let’s Define Some Terms
High Deductible Health Plan (HDHP) – Our new health plan with a $3,000-single and $6,000-family deductible
Health Savings Account (HSA) – A bank account you can use to pay health expenses
HDHP/HSA – The two in combination

4. Should you choose the HDHP/HSA?
Q1: What are you paying now?
Q2: What will your health care costs be in 2014?
Q3: What would you pay with the HDHP/HSA?
Every employee’s situation is different, so you will have to decide for you and your family
We are going to run through a few examples

5. Deposited by Employee = $1,572
Example #1 - Single
Single employee, with ongoing health issues
On the single plan and reaches $1,000 out-of-pocket max
How does the HDHP/HSA compare?
Employee Expenses
Old Plan
HDHP/
HSA Plan
HSA Account for 2014
Premium deducted from paycheck
$2,568
$1,800
Deposited by CGCSC = $1,428
FSA/HSA deducted from paycheck
$1,000
$1,572
Deposited by Employee = $1,572
Total deducted from paycheck
$3,568
$3,372
Out-of-pocket costs (Maximum minus FSA/HSA amount)
$-0-
Total in account for 2014 = $3,000
Drug co-pays
$100
Balance at the end of 2014 = $-0-
Total costs for the year 2014
$3,668

6. Example #1 Summary If 2014 is exactly as predicted, you save $296.
If 2014 is better than predicted and your health costs are less, you still save $296 and you will have some money left in your HSA at the end of the year.
If 2014 is worse than predicted and your health costs are very high, you still save $296 and your HSA account will be zero at the end of the year

7. Deposited by Employee = $-0-
Example #2 – Employee+1
Married employee (no children), with few health issues
On the family plan and uses the clinic to avoid most expenses
How does the HDHP/HSA compare?
Employee Expenses
Old Plan
HDHP/
HSA Plan
HSA Account for 2014
Premium deducted from paycheck
$6,264 (family)
$4,344 (Empl.+1)
Deposited by CGCSC = $2,827
FSA/HSA deducted from paycheck
$-0-
Deposited by Employee = $-0-
Total deducted from paycheck
$6,264
$4,344
Out-of-pocket costs (Maximum minus FSA/HSA amount)
$100
Total in account for 2014 = $2,827
Drug co-pays
Balance at end of 2014 = $2,527
Total costs for the year 2014
$6,464

8. Example #2 Summary
If 2014 is exactly as predicted, you save $2,120 and have $2,527 in your HSA at the end of the year.
If 2014 is better than predicted and your health costs are less, you still save $2,120 and you will have more than $2,527 in your HSA at the end of the year.
If 2014 is worse than predicted and your health costs are very high, you will have to spend an additional $1,353, and your HSA account will be zero at the end of the year.

9. Deposited by Employee = $-0-
Example #3 - Family
Married employee (with kids)
On the family plan with moderate annual health expenses
Has an auto accident with major injury in 2014
How does the HDHP/HSA compare?
Employee Expenses
Old Plan
HDHP/HSA Plan
HSA Account for 2014
Premium deducted from paycheck
$6,264
$4,968
Deposited by CGCSC = $2,289
FSA/HSA deducted from paycheck
$2,400
$-0-
Deposited by Employee = $-0-
Total deducted from paycheck
$8,464
Out-of-pocket costs (Maximum minus FSA/HSA amount)
$3,711
Total in account for 2014 = $2,289
Drug co-pays
$500
Balance at the end of 2014 = $-0-
Total costs for the year 2014
$8,964
$8,679

10. Example #3 Summary
This is a worst case example, with very high health care costs in one year. You will still save $285, but will have nothing in your HSA at the end of the year.

11. Rates That You Need to Know
Traditional PPO Plan
High Deductible HDHP Plan
CGCSC HSA Contribution
SINGLE: Payroll deduction
$2,568
$1,800
$1,428
SINGLE: Deductible
(in network & Out network)
$500/$750
$3,000/$6,000
SINGLE: Out-of-pocket max.
(in network & out network)
$1,000/$2,600
EMPLOYEE+1: Payroll deduction
N/A
$4,344
$2,827
EMPLOYEE+1: Deductible
$6,000/$12,000
EMPLOYEE+1: Out-of-pocket max.
FAMILY: Payroll deduction
$6,264
$4,968
$2,289
FAMILY: Deductible
$1,000/$1,500
FAMILY: Out-of-pocket max.
$2,000/$5,000

12. What Should You Do Now? Attend one of the meetings:
Oct. 30, 6:30 pm at ESC
Nov. 11, 4:15 at MGES
Nov. 12, 4:15 at MSC
Nov. 12, 6:30pm at ESC
Nov. 14, 4:15 at MSN
Attend the open house for personal help:
Nov. 20, 11:00 am to 7:00 pm in the High Tech room at ESC
Get more info from our website:
Contact us with questions:
Jessica Clayton
Paul Gabriel –
Glennda Watson –

13. 2014 Enrollment Form

14. How Do You Sign Up? Thank You !
Fill out the health insurance election form and return it to Glennda
- Everyone must do this, even if they choose to not make any change - Forms will be handed out at every meeting, or
- Print one from: under “Next Steps”
Go online to enroll in an HSA account if you choose that option:
- Follow the link at under “Next Steps”
Thank You !