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Posts Tagged With 'Health Savings'

Real World Health Savings Accounts Savings Potential – Case Study

Excellus Blue Cross Blue Shield offered high-deductible health plans (HDHP) combined with Health Savings Accounts (HSA) to employees of the Center for Governmental Research (CGR). Five CGR employees signed up for the HDHP-Health Savings Account combination. Here???s an overview of how two of these employees and their families fared throughout the year with their HDHP and Health Savings Account:

Family A using Health Savings Account Plan

Family A uses health care services heavily. During the initial enrollment period from February to October, Family A accumulated 16 office visits (4 of which were visits to specialists), 30 medication prescriptions, 6 laboratory tips, 4 diagnostic imaging uses, and 2 outpatient surgeries. The family???s total healthcare costs amounted to $21,955. However, the family???s share was only $4,758, thanks to the out-of-pocket maximum expense limit associated with their HSA plan.

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