PlanCompare allows individuals to measure and evaluate their employer’s healthcare plans to find the one that is the most suitable for their situation.
The application illustrates projected out-of-pocket costs for each available plan, based on:
o Age
o Retirement age
o Retirement state
o Individual or family plan
o Medical conditions
o Medical catastrophic events
o Spouse
The application also includes an HSA Knowledge Module to educate employees on the triple-tax benefits available through use of a high deductible health plan with an HSA, and allows them to consider:
o Projections based on different levels of contribution
o Savings outlook
o Investment growth forecast