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Use this tool to estimate your annual costs and make an informed decision about which medical plan to choose.
|Coverage level selected:|
Choosing a healthcare plan can be a balancing act. Some people may prefer plans with lower premiums, while others may prefer plans with lower anticipated total costs. Another factor that might matter is whether a plan offers an associated savings account. What matters most to you?
In the results, the tool will not highlight any specific plan.
In the results, the tool will highlight the plan with the lowest teammate annual premiums.
In the results, the tool will highlight the plan with the lowest estimated teammate total costs (i.e. including an estimate for anticipated out-of-pocket costs.)
In the results, the tool will highlight the plan with the lowest estimated teammate worst case total costs (i.e. including an estimate for potential worst case out-of-pocket costs.)
In the results, the tool will highlight the plan with access to a Health Savings Account (HSA) that has the lowest estimated teammate total costs.
In the results, the tool will highlight the plan with access to a Flexible Spending Account (FSA) that has the lowest estimated teammate total costs.
Think about the amount of healthcare that you and any covered family members may need in the coming year. Use the menu(s) below to select from a variety of "Quick Scenarios". For definitions of the different usage levels, please see the . For definitions of the different usage levels, please see the and the . Or, you can create your own scenario under the "My own scenario" tab by customizing the frequency of each type of service. You can also view the .
Tip: Creating your own scenario works best on wider screens. If you're on a mobile device, consider rotating your device to landscape mode while using the modeling interface.
Based on your inputs and what you indicated matters most to you, the plan with the lowest teammate annual premiums is the the lowest estimated teammate total costs is the lowest estimated teammate worst case total costs is the access to an HSA with the lowest estimated teammate total costs is the access to an FSA with the lowest estimated teammate total costs is the .
No plan matched your specified criteria.
The above results are an illustrative cost comparison of the 2021 LiveWELL Health Plan choices using the Atrium Health Value Network only.
Compare how much you'll spend (continued)
See the impact of using your HSA or FSA
A Health Savings Account (HSA) or Flexible Spending Account (FSA) can help you save on taxes when paying for care and planning ahead for future expenses. If you participate in the Health Savings Plan, you can contribute pre-tax earning in an HSA and/or a Limited PurposeFSA. However, this tool only allows you to model contributions to an HSA.
I am age 55 or older and qualify for the increased HSA contribution limit.
The IRS limits the amount you can contribute to a Flexible Spending Account (FSA) or Health SavingsAccount (HSA). The 2022 maximum contribution for the FSA is $2,750, and the limits for the HSA are $3,650 for an individual and $7,300 for a family. If you earn LiveWELL Incentives in 2022, the Company will contribute pre-tax funds towards your HSA or to your LiveWELL Incentive Account, dependingon the plan you elect. If you elect the HSA Plan, incentive funds deposited into your HSA will count towards the annual HSA IRS maximum contribution. If you elect the FSA Plan, incentive funds will be deposited into your LiveWELL Incentive Account and will not count towards the annual FSA IRS maximumcontribution.
Slide the bars above to see how savings account contributions can help you cover your out-of-pocket healthcare costs.
|Cost of care|
|LiveWELL Incentive funding|
|Teammate funding*||(to be determined next)|
|LiveWELL Incentive match|
|LiveWELL Incentive funding|
|Carried over from 2020|
|Carried over from 2020||(to be determined next)|
|Applied to cost of care|
|Forfeited excess rollover|
|Potential rollover amount|
|*Subject to applicable plan limits.|
Did you find this comparison useful?
Use this tax calculator to see the benefits of contributing to a plan's tax-advantaged savings account.
Select a plan in the dropdown menu below and then click "Show the tax calculator".
Tax Calculator (continued)
Use the sliders above to estimate your eligible out‑of‑pocket medical expenses for the upcoming plan year.
|Income tax filing status:|
|Number of dependents:|