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Published byKatrina Livings
Modified over 2 years ago
Did You Know?
Employees are now contributing 45% more to their health care expenses than they did five years ago. Towers Watson/NBGH Employer Survey, April, 2011
And if you have a family, you know your out-of-pocket expenses have gone up too.
Just take a look…
A family of four can expect to pay over $3,200 a year in medical expenses not covered by insurance!
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$885
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
That’s because there is a tax-saving benefit
that can save you an easy 20-30 percent on your hard-earned money,
And, 100% of employees are eligible to enroll –
A Flexible Spending Account (FSA).
FSAs let you use pre-tax money
to pay for medical expenses not covered by your health plan.
So, whether you need to pay for
Eligible Over-the-Counter (OTC) items
In-vitro Reproductive Services
FSAs are a guaranteed discount
on money you’re already spending on health care.
And, FSA dollars can also be used for
Licensed family or child daycare centers
And, Day Camps
On Your Out-of- Pocket Health Care Expenses.
Maximize Your Employee Benefits
Sign Up for an FSA Today and Start SAVING Right Away! Start right away
Look for details during open enrollment, or talk to Human Resources for more information.
Did You Know?. Employees are now contributing 45% more to their health care expenses than they did five years ago. Towers Watson/NBGH Employer Survey,
Did You Know? Employees are now contributing 45% more to their health care expenses than they did five years ago. Towers Watson/NBGH Employer Survey,
Did You Know? Expenditures on health care in the U. S. surpassed $2.3 trillion in 2008…and are continuing to increase.
It’s Time To Save On Your Out-of- Pocket Health Care Expenses.
Brace Yourself. It’s that time, and your insurance probably doesn’t cover this expense.
Meet Dan. He’s twenty-something, Healthy, Employed,
Meet Dan He’s twenty-something, Healthy, Employed,
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