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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. That’s right. And if you have a family, you know your out-of-pocket expenses have gone up too. Just take a look….
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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.
A family of four can expect to pay over $3,000 a year in medical expenses not covered by insurance!
Out-of-Pocket Expenses Annual Average Taxes Saved (25% Tax Bracket) Physician: $940 $254 Pharmacy: $660 $178 Inpatient Hospital: $870 $235 Outpatient Hospital: $430 $116 Other: $105 $28 TOTAL: $3,005 $811
But, if that $3,000 is put into a Health Care FSA, a family could save over in taxes. $800 Out-of-pocket expenses through member cost sharing at time of service. Per Milliman Medical Index 2010, published May 2010
that can save you an easy 20-30 percent on your hard-earned money,
A Flexible Spending Account (FSA).
to pay for medical expenses not covered by your health plan.
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.