How the CGCSC HDHP and HSA Work Together

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:www.centergrove.k12.in.us/HSA

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. 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?

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. 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?

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. 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?

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

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:www.centergrove.k12.in.us/HSA • Contact us with questions: • Jessica Clayton - 260.427.7123 jessica.clayton@theHSAauthority.com • Paul Gabriel – 881-9326 gabrielp@centergrove.k12.in.us • Glennda Watson – 881-9326 watsong@centergrove.k12.in.us

13. 2014 Enrollment Form

14. Thank You ! How Do You Sign Up? • 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: www.centergrove.k12.in.us/HSA under “Next Steps” • Go online to enroll in an HSA account if you choose that option: • - Follow the link at www.centergrove.k12.in.us/HSA under “Next Steps”