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The plan is designed to provide a dollar amount to each employee based on the family level of medical <br /> coverage elected. Employees taking single coverage or opting out of coverage all-together have money <br /> left over to "buy" other benefits in the plan. Employees can also "buy" other benefits through payroll <br /> deductions. <br /> Employees electing single coverage will see anywhere from a$9.50 savings to a$17.62 increase in their <br /> premium costs and families will have increase ranging from $14.96 to $104.62 monthly. Employees <br /> wishing to enroll in the new 80/20 HDHP will see savings over the current HDHP in the Passport <br /> network ranging from $66.40 to $219.46 per month. <br /> Health Savings Account (HSA) Contribution <br /> Typically, the Flexible Benefits Plan includes a contribution for HSAs for enrollees in the HDHPs to <br /> offset deductibles. This amount has ranged from $240 to $672 per year. This year's plan design proposes <br /> a $480 HSA contribution which is the same as the contribution provided in 2016. <br /> Financial Impact <br /> The pro)ected benefit renewal is accounted for in the preliminary budget. <br /> Attachments <br /> ■ 2017 Flexible Benefits Plan Renewal Spreadsheet <br />