- FICA and other taxes
- FICA and Medicare taxes are not collected on any health insurance premiums paid by the employer or contributions to an HSA as long as those contributions are paid on a pre-income tax basis from an employee's paycheck. This calculator assumes that all employees are under the maximum FICA tax payment limits.
- Average employee federal income tax
- The marginal federal income tax rate that the average employee is expected to pay. **TAXTABLE_CURRENT_DEFINITION**
- Average employee state income tax
- The marginal state income tax that the average employee is expected to pay.
- FUTA and SUTA tax
- FUTA, federal unemployment tax, and SUTA, state unemployment tax, are generally not collected on health insurance premiums or HSA contributions.
- Average primary copay
- Cost of the average primary visit copay amount under traditional plan.
- Average specialist copay
- Cost of the average specialist visit copay amount under traditional plan.
- Average prescription copay
- Cost of the average prescription copay amount under traditional plan.
- Average cost of primary visit
- Average cost of a primary care visit under HDHP/HSA plan.
- Average cost of specialist visit
- Average cost of a specialist care visit under HDHP/HSA plan.
- Average cost of a prescription
- Average cost of a prescription under HDHP/HSA plan.
- Coinsurance paid by member after HDHP deductible
- The percent of medical expenses that is paid by the individual after the deductible has been paid.
- Average # of primary visits
- The number of primary visits an average employee will have each year.
- Average # of specialist visits
- The number of specialist visits an average employee will have each year.
- Average # of prescriptions
- The number of prescriptions an average employee will have each year.
- Employee HSA contribution strategy
- Choose "Match Deductible" to indicate that employees are likely to contribute an amount equal to the annual deductible. Choose "Annual Maximum" if employees are more likely to contribute the maximum amount allowed per year.
- HSA administration fee (per participant, per month)
- Fee paid by employer per participant/per month for HSA administration services.
- # of enrolled employees
- Total number of employees to be covered by one of these plan options.
- % single coverage
- Percent of employees that will have single coverage health insurance.
- % family coverage
- Percent of employees that will have family coverage health insurance.
- Traditional plan - employee premium (single)
- Health insurance premium paid annually by the employee for single coverage under traditional plan.
- Traditional plan - employer premium (single)
- Health insurance premium paid annually by the employer for an employee with single coverage under traditional plan.
- Traditional plan - employee premium (family)
- Health insurance premium paid annually by the employee for family coverage under traditional plan.
- Traditional plan - employer premium (family)
- Health insurance premium paid annually by the employer for an employee with family coverage under traditional plan.
- HSA with HDHP - employee premium (single)
- Health insurance premium paid annually by the employee for single coverage under HSA/HDHP plan.
- HSA with HDHP - employer premium (family)
- Health insurance premium paid annually by the employer for an employee with family coverage under HDHP/HSA plan.
- HSA with HDHP - employee premium (family)
- Health insurance premium paid annually by the employee for family coverage under HDHP/HSA plan.
- HSA with HDHP - employer premium (single)
- Health insurance premium paid annually by the employer for an employee with single coverage under HDHP/HSA plan.
- HDHP deductible amount
- The HDHP deductible for single person coverage and for family coverage.
- Annual employer contribution
- Employer contribution to HSA for employees with single coverage. **HSA_LIMITS_DEFINITION**
