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 use this function, please click estimator tool . It is very easy to use.
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:
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Step 1 |
Enter Basic Information |
The user enters three data elements: plan year, home zip code and number of covered dependents. |
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Step 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. |
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Step 3 |
Select Health Care Services |
The employee estimates the volume (utilization) of expected health care services by each covered member. |
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Step 4 |
Modify Health Care Services |
The employee may modify utilization estimates from Step 3. |
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Step 5 |
View Your Results |
The user compares the selected plans side by side and sees specific cost estimates. |