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The
Economic Freedom
Network

  

Table 10: Average costs of traditional plans and Medical Savings Accounts in 27 Ohio firms

Coverage for single individuals Coverage for families
Plan average ($US) range ($US) average ($US) range ($US)
Traditional premium 1,375 650 - 2,059 4,235 2,480 - 7,220
Total cost of MSAs to employer of plan 1,734 686 - 2,556 3,248 1,716 - 4,583

catastrophic insurance

 877 386 - 1,431 2,081 1,184 - 2,934

contribution

 857 144 - 1,500 1,167 200 - 2,000
Plan cost under equal-cost MSA* 1,427 1,893

Source: Bond et al. 1996: 53.
*where out-of-pocket maximum cost to employees under MSA plan equals the out-of-pocket maximum cost under traditional plan.




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Last Modified: Wednesday, October 20, 1999.