Cost Estimator for Healthfund and Choice POS II

The Cost Estimator Tool is an interactive decision-support tool designed to assist your faculty and staff in making their health plan election during open enrollment. The tool allows faculty and staff to estimate out-of-pocket health care costs, compare plan offerings and determine which plan best meets their needs and those of their family.

To access this easy to use function, check out: Estimator Tool.

 

Using the Tool

Faculty and Staff complete five easy steps to estimate and view predicted utilization and costs. The user's (faculty & staff) experience will be segmented as follows:

Step # Action Description
1 Enter Basic Information The user enters three data elements: plan year, home zip code and number of covered dependents.
2 Select Plans Using the pre-loaded benefits information, the user chooses which plans to compare and enters corresponding annual paycheck contributions. If offered, the employee enters competitive plan information.
3 Select Health Care Services The employee estimates the volume (utilization) of expected health care services by each covered member.
4 Modify Health Care Services The employee may modify utilization estimates from Step 3.
5 View Your Results The user compares the selected plans side by side and sees specific cost estimates.