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Montgomery & Associates Georgia's Health Insurance Specialists Individuals & Families Groups & Small Business Health Savings Accounts Get Quotes
sAVINGS EXAMPLES    

Family Example

Individual Example

Family Example

 
Typical Family of Four Plan
Health Savings Plan - Family
Deductible (3 per family)
$1000 per person $3,000 total
$5,100 family deductible
Max out of pocket (3 per family)or 80/20 Coinsurance
$2,000 per person $6,000 total
100%
Premium Paid
$7,296/ year ($608/month)
$5,080/year ($420 per month)
$1,500 Claim
$1,000 for deductibles
$100 Coinsurance
3 x $40 Office Visit copay
$1,500 for medical expenses
Out-of-Pocket Expenses Subtotal
=$1,220
=$1,500
Tax Savings on Health Savings Deposits
$0
($1,275)
Expenses (Yearly premium + Out of Pocket - Tax Savings)
$7,516
$6,600
Total net Savings with Health Savings Plan
=$916

* Assumes $5,100 deposit in Health Savings at 25% tax bracket
This sample is for comparison purposes only and your individual claims experience may vary.
Your agent can provide you with more information.

Healthy Case - zero expenses

 
Typical Family of Four Plan
Health Savings Plan - Family
Deductible (3 per family)
$1000 per person $3,000 total
$5,100 family deductible
Max out of pocket (3 per family) or 80/20 Coinsurance
$2,000 per person $6,000 total
100%
Premium Paid
$7,296/ year ($608/month)
$5,080/year ($420 per month)
No visits to the doctor this year.
$0
$0
Out-of-Pocket Expenses Subtotal
0
0
Tax Savings on Health Savings Deposits
$0
($1,275)
Expenses (Yearly premium + Out of Pocket - Tax Savings)
$7,296
$5,080
Total net Savings with Health Savings Plan
=$2,216

* Assumes $5,100 deposit in Health Savings at 25% tax bracket
This sample is for comparison purposes only and your individual claims experience may vary.
Your agent can provide you with more information.

Unhealthy Case - $6,000 in expenses

 
Typical Family of Four Plan
Health Savings Plan - Family
Deductible (3 per family)
$1000 per person $3,000 total
$5,100 family deductible

Max out of pocket (3 per family)

or 80/20 Coinsurance

$2,000 per person $6,000 total
100%
Premium Paid
$7,296/ year ($608/month)
$5,080/year ($420 per month)
Your share
$2,000 in deductibles
$800 in coinsurance
5 x $40 Office Visit copay
$5,100 in deductibles
$0 in coinsurance
Out-of-Pocket Expenses Subtotal
=$3,000

=$5,100

Tax Savings on Health Savings Deposits
$0
($1,275)
Expenses (Yearly premium + Out of Pocket - Tax Savings)
$10,296
$10,180
Total net Savings with Health Savings Plan
=$1,391

* Assumes $5,100 deposit in Health Savings at 25% tax bracket
This sample is for comparison purposes only and your individual claims experience may vary.
Factors effecting premium are age, health history and tobacco use.
Your agent can provide you with more information.

Catastrophic Case - $500,000 in expenses

 
Typical Family of Four Plan
Health Savings Plan - Family
Deductible (3 per family)
$1000 per person $3,000 total
$5,100 family deductible

Max out of pocket (3 per family)

or 80/20 Coinsurance

$2,000 per person $6,000 total
100%
Premium Paid
$7,296/ year ($608/month)
$5,080/year ($420 per month)
Your share
$2,000 in deductibles
$4,000 in coinsurance
20 x $40 Office Visit copay
$5,100 in deductibles
$0 in coinsurance
Out-of-Pocket Expenses Subtotal
=$6,800
=$5,080
Tax Savings on Health Savings Deposits
$0
($1,275)
Expenses (Yearly premium + Out of Pocket - Tax Savings)
$14,096
$8,905
Total net Savings with Health Savings Plan
=$5,191

* Assumes $5,100 deposit in Health Savings at 25% tax bracket
This sample is for comparison purposes only and your individual claims experience may vary.
Factors effecting premium are age, health history and tobacco use.
Your agent can provide you with more information.

Individual Example

 
Individual
Health Savings Plan - Indiviudal
Deductible
$2,000 total
$2,000 deductible

Max out of pocket

or 80/20 Coinsurance

$2,000
100%
Premium Paid
$2,400/ year ($200/month)
$1,368/year ($114 per month)
$2,500 Claim
$2,000 in deductibles
$200 in coinsurance
$200 in co-pays (5 visits)
$2,000 for medical expenses
Out-of-Pocket Expenses Subtotal
=$2,400
=$2,000
Tax Savings on Health Savings Deposits
$0
($480)*
Total Expenses (yearly Premium + Expenses - Tax savings)
$4,400
$2,888
Total net Savings with Health Savings Plan
$0

=$1,512

* Assumes $2,000 deposit in Health Savings at 24% tax bracket
This sample is for comparison purposes only and your individual claims experience may vary.
Your agent can provide you with more information.

Healthy Case - zero expenses

 
Individual
Health Savings Plan - Family
Deductible
$2000 deductible
$2,000 deductible

Max out of pocket

or 80/20 Coinsurance

$2,000
100%
Premium Paid
$1,740/ year ($140/month)
$1,368/year ($114 per month)
Expenses
$0
$0
Out-of-Pocket Expenses Subtotal
0
0
Tax Savings on Health Savings Deposits
$0
($500)*
Total Expenses (yearly Premium + Expenses - Tax savings)
$1,740
$868
Total net Savings with Health Savings Plan
=$872

* Assumes $2,000 deposit in Health Savings at 25% tax bracket
This sample is for comparison purposes only and your individual claims experience may vary.
Your agent can provide you with more information.

Unhealthy Case - $3,000 in expenses

 
Individual
Health Savings Plan - Family
Deductible
$2000 deductible
$2,000 deductible

Max out of pocket

or 80/20 Coinsurance

$2,000
100%
Premium Paid
$1,740/ year ($140/month)
$1,368/year ($114 per month)
Expenses
$2,000 deductible
$200 coinsurance
4 x $40 office visit copay
$2,000 deductible
$0 coinsurance
$0 copay
Out-of-Pocket Expenses Subtotal
=$2,360
=$2,000
Tax Savings on Health Savings Deposits
$0
($500)*
Total Expenses (yearly Premium + Expenses - Tax savings)
$4,100
$2,868
Total net Savings with Health Savings Plan
=$1,732

* Assumes $2,000 deposit in Health Savings at 25% tax bracket
This sample is for comparison purposes only and your individual claims experience may vary.
Your agent can provide you with more information.

Catastrophic Case - $500,000 in expenses

 
Individual
Health Savings Plan
Deductible
$2,000 deductible
$2,000 deductible

Max out of pocket

or 80/20 Coinsurance

$2,000
100%
Premium Paid
$1,740/ year ($140/month)
$1,368/year ($114 per month)
Expenses
$2,000 deductible
$2,000 coinsurance
20 x $40 office visit copay
$2,000 deductible
$0 coinsurance
$0 copay
Out-of-Pocket Expenses Subtotal
=$4,800
=$2,000
Tax Savings on Health Savings Deposits
$0
($500)*
Total Expenses (yearly Premium + Expenses - Tax savings)
$6,540
$2,868
Total net Savings with Health Savings Plan
=$3,682

* Assumes $2,000 deposit in Health Savings at 25% tax bracket
This sample is for comparison purposes only and your individual claims experience may vary.
Your agent can provide you with more information.