Department of Management Services

About the Cost Estimator Tools

Plan cost estimator tools are designed to help you to select the most appropriate plan for you and your family's needs by estimating your total out of pocket costs during the plan year. Estimator tools available to you include:

  • Medical Reimbursement Account Estimator
  • Limited Purpose Medical Reimbursement Account Estimator
  • Dependent Care Reimbursement Account Estimator

You can run as many different estimates as you like, and they are all confidential; no one from the state or any other entity is monitoring how individuals are using the cost estimator tools.

Reimbursement Account Estimators

If you are an active employee, when you finish estimating your health plan costs, you also can use the results with the Medical Reimbursement Account Estimator or the Limited Purpose Medical Reimbursement Account Estimator to help you decide whether one of those accounts can save you money. The Medical Reimbursement Account is available only if you select the Standard PPO or a Standard HMO; the Limited Purpose Medical Reimbursement Account is available only if you select a High Deductible Medical Plan and the Health Savings Account.

The Dependent Care Reimbursement Account Estimator helps you make the same decision about using an FSA to pay your eligible dependent day care expenses with pre-tax dollars.

All three estimators provide estimated federal income tax and FICA savings.

As you consider the Reimbursement Account Estimator results, keep in mind that you will forfeit or lose any money you don't use before the end of the plan year, so it's important to carefully estimate your likely expenses for the calendar year before setting your FSA contributions for the year. The state has extended the claim year for FSAs – allowing you to use the account for expenses incurred up to March 15 of the following year. You must file claims by April 15 each year.