Comparison of benefits on a small business consisting of 12 employees

Are you paying a high amount for health insurance coverage for your employees?

If you have 12 or less full time employees please read below about the benefits of an HSA or HRA.

When quoting a new business of 12 employees with Humana in the city of Chicago, below are the rates for two types of coverage:

                                     Humana Traditional                Humana HSA

Monthly Premium                     $7,641                                   $5,949


Employee Only cost                    $365.62                                  $283.29


Employee + Spouse                    $800.77                                   $623.33


Employee + Child                       $690.98                                  $538.24


Family                                           $1,112.13                               $878.19




Plan deductible                           $1,000                                      $2,500


Plan Out-of-pocket                     $2,000                                      NONE


Total Risk Exposure                   $3,000                                      $2,500


Preventative Care                    covered 100%                    covered 100%


Office visit copay                       $20/$40                        applied towards ded.






With employer provided coverage the employer is responsible for at least 50% of the employee only rate.  IF you were to take the rates provided at 50% paid by the employer, the HSA would be saving an annual amount of $5,928, or $494 per employee.  The HSA plan provides a lower exposure on a large claim, making it a better benefit for the employee.


If the employer were to retain the money and pay out only as claims came in, chance are he could see a 30-40% savings, reimbursing employees for claims then paying the money directly to the insured.  Also, the employee would see the same amount of savings.


If you pay more than 50%, than the savings will only be greater.


Please stop by or call the shoppe for more questions.


-The Shoppe