Plan savings - district with 536 employees
Real-life example of one district's possible health plan savings
Compare coverages and costs of
PriorityPOS
SM plus
PriorityHSA
SM
(our
point-of-service health plan combined with a health savings account)
with the MESSA health plan. All figures were taken from an actual quote
-
the numbers speak for themselves.
Notes about this Priority Health quote:
- A deductible applies.
- Employer fully funds all employee HSAs and still experiences reduced costs.
- HSA funds cover employee deductible; employee pays only copays.
Medical benefits
|
| |
Priority Health POS
|
Current MESSA |
| In-network coverage |
100% |
100%/90% |
| Out-of-network coverage |
80% |
N/A |
Out-of-pocket maximum
(in-network services)* |
$4,000/$8,000 |
N/A |
| Deductible (in-network) |
$1,100/$2,200 |
N/A |
| Deductible (out-of-network) |
$3,000/$6,000 |
N/A |
| Preventive office visit |
$0.00 |
$5.00 |
| Prescription coverage |
100% after deductible |
$5.00/$10.00 |
| Medical cost - per employee per month |
$618.28 |
$1,055.00 |
| Total singles |
85 |
85 |
| Total families |
451 |
451 |
| Annual medical costs |
$3,976,776.96 |
$6,785,760.00 |
Health savings account contributions
|
| |
Priority Health HSA |
Current MESSA |
| Annual employee cost |
$0.00 |
N/A |
| Employer's annual HSA contribution per single employee** |
$1,100.00 |
| Employer's annual HSA contribution per family** |
$2,200.00 |
| Total annual employer HSA contribution |
$1,085,700.00 |
Demonstrated cost savings
|
| |
Priority Health POS + HSA
|
Current MESSA |
| Annual medical costs |
$3,976,776.96 |
$6,785,760.00 |
| Plus total annual employer HSA contribution |
$1,085,700.00 |
- |
| Total annual medical costs |
$5,062,476.96 |
$6,785,760.00 |
Annual savings (MESSA minus Priority Health)
|
$1,723,283.04 |
- |
| Annual savings per employee |
$3,215.08 |
- |
