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Did You Know? Expenditures on health care in the U. S. surpassed $2.3 trillion in 2008…and are continuing to increase.

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Presentation on theme: "Did You Know? Expenditures on health care in the U. S. surpassed $2.3 trillion in 2008…and are continuing to increase."— Presentation transcript:

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3 Did You Know?

4 Expenditures on health care in the U. S. surpassed $2.3 trillion in 2008…and are continuing to increase.

5 That’s right.

6 And if you have a family, you know your out-of-pocket expenses have gone up too.

7 Just take a look…

8 A family of four can expect to pay over $3,200 a year in medical expenses not covered by insurance!

9 That Includes:

10 Out-of-Pocket Expenses Annual Average Taxes Saved ( 25% Tax Bracket) Physician: $1,030$278 Pharmacy:$560$151 Inpatient Hospital: $1,045 $282 Other:$120$32 Outpatient Hospital: $525$142 TOTAL:$3,280$855

11 But, if that $3,200 is put into a Health Care FSA, a family could save over in taxes. Out-of-pocket expenses through member cost sharing at time of service. Per Milliman Medical Index 2011, published May 2011 $800

12 That’s because there is a tax-saving benefit

13 that can save you an easy percent on your hard-earned money,

14 And, 100% of employees are eligible to enroll –

15 A Flexible Spending Account (FSA).

16 FSAs let you use pre-tax money

17 to pay for medical expenses not covered by your health plan.

18 So, whether you need to pay for

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20 Prescription Copays

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22 Glasses

23 Contacts

24 Dental Expenses

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26 Braces

27 Allergists

28 Eligible Over-the-Counter (OTC) items

29 In-vitro Reproductive Services

30 Speech Therapy

31 FSAs are a guaranteed discount

32 on money you’re already spending on health care.

33 And, FSA dollars can also be used for

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35 Licensed family or child daycare centers

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37 And, Day Camps

38 Life Happens.

39 Be prepared

40 To Save

41 On Your Out-of- Pocket Health Care Expenses.

42 Maximize Your Employee Benefits

43 You

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45 Will

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47 Save

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49 BIG!

50 Sign Up for an FSA Today and Start SAVING Right Away! Start right away

51 Look for details during open enrollment, or talk to an Employee Benefits Representative for more information.

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