Like all of the important decisions you will make during the Annual Enrollment period for 2013 (October 22 through November 19), your decision about whether or not to choose the HDHP with HSA option will be easier using the tools provided. The Decision Support Tools available through the Benefits Resource Center will help you determine whether the new option is right for you and your family. You will have these four tools at your disposal:
- Medical Cost Calculator — What will my costs be for each medical plan?
- Preference Module — Which medical plan best meets my priorities?
- Comparison Module — How do medical benefits vary by plan?
- Savings Account Estimator — How much should I contribute to minimize my taxes?
To get the most out of these tools, it’s best to prepare some information ahead of time. It is recommended you start with the Medical Cost Calculator and then move on to the other tools. The Medical Cost Calculator helps you assess how your potential 2013 out-of-pocket medical expenses, including premiums you pay out of your paycheck for coverage, may vary by each of your medical plan choices.
Consider your usage and any expected health care needs for the coming year to help you make the best cost comparison!
New! Two interactive online tools, offered by UnitedHealthcare and CVS Caremark, are now posted. These special sites – available through November 19, 2012 – feature plan information and customizable resources to help you estimate your health care costs. Please also consult the CVS Caremark Preventive Therapy Drug List (PDF).