Consumer Driven Health Plans Pennsylvania College of Technology March, 2016
|
|
- Janis Briggs
- 6 years ago
- Views:
Transcription
1 Consumer Driven Health Plans Pennsylvania College of Technology March, 2016
2 Health Care Cost Acceleration Employers nationwide are struggling to cope with the sharp, upward trend of health care costs; driven by factors including an overall rise in certain conditions which increase utilization, medical inflation and technological advancements in procedures and prescription drugs. Recently delayed to 2020, provisions of the Affordable Care Act will require payment of an excise tax on the value of benefits exceeding established thresholds, known as the Cadillac Tax. Plans that foster consumerism among membership through the application of deductibles have been proven to decelerate the current cost trend. To control costs and prepare for the coming Cadillac Tax, many employers are replacing zerodeductible health plans with either a high-deductible PPO or a Qualified Consumer Driven Health Plan. *The illustrations presented are a high level comparison of benefits and costs and is an attempt to present coverage features. The summaries are not a contract and does not include all of the benefits that are included nor does it outline the exclusions and limitations. You must refer to the Insurance Company proposal and policies themselves for true definitions of coverage, exclusions, and limitations. 2
3 Consumer Driven Health Plan (CDHP) What is it? Consumer Driven Health Plan High Deductible PPO (QHDHP) Savings Account Protects you from large Medical Expenses Helps pay for Deductible Tax-Deductible Deposits Tax-Deferred Growth Tax-Free Use for Medical Care 3
4 High Deductible PPO (QHDHP) Utilizes the same Provider Network and covers the same services as low deductible PPO Plans, such as C and E. Provides deep, negotiated discounts for services performed in-network (allowable amounts). Requires an established deductible to be satisfied prior to paying benefits, in accordance with 2016 IRS minimums ($1,300 individual/$2,600 family). Deductible satisfied through medical, prescription drug or combination of both. Deploys the use of coinsurance (percentage) on medical benefits and copays (flat rate) for prescription drug as mechanisms to provide benefits to Members after the deductible is met. Covers out-of-network services, but at a significantly lower benefit level. Offers protection from catastrophic medical event through relatively low out-of-pocket maximums. 4
5 QHDHP Benefit Summary Benefits Network QHDHP-1 Out-of-Network Individual Deductible $1,300 $2,500 Family Deductible $2,600 $5,000 Coinsurance (Medical) 10% Primary Care/Emergency PCP Visit 10% Specialist Visit 10% Emergency Care 10% Urgent Care 10% Radiology MRI, Advanced Imaging 10% Diagnostic (Lab, X-ray) 10% Preventive Services Annual Preventive Exam No charge Preventive Mammogram No charge Childhood Immunizations No charge Prescription Drug Deductible Subject to Medical Deductible Retail Mail Order Out-of-Network Generic $10 $20 Not Covered Brand Formulary $25 $62.50 Not Covered Brand Non-Formulary $50 $150 Not Covered Annual Out-of-Pocket Maximums Out-of-Pocket: Individual* $2,000 $4,000 Out-of-Pocket: Family* $4,000 $8,000 Utilizing Blue Cross network providers greatly reduces deductible liability for the Member, while providing double the out-ofpocket protection Coinsurance (10%) refers to the Member liability portion of the network allowable amount for medical services, after the deductible has been satisfied. Preventive services continue to be covered at 100% in-network No separate Prescription Drug Deductible Mail Order offers significant savings (up to 33%) and convenience for maintenance medications 1 For individual policies, the insured must meet the entire individual deductible and out-of-pocket maximum. For policies which cover the insured and one or more dependents, the entire family deductible must be met first, then any Medical coinsurance or Rx copayments would apply to the family out-of-pocket maximum. 5
6 What About That Deductible? 6
7 What About That Deductible? Employer Contribution Plan Year Individual Plans Family Plans 2016/2017 $950 $1, /2018 $650 $1,300 The College will fund at least 50% of the Plan deductible in the next two Plan years. 7
8 Health Savings Accounts (HSA) Tax-Preferred account for payment of qualified medical expenses, works in tandem with Qualified High-Deductible Health Plans. Can be used to pay for qualified medical expenses of Subscriber, Spouse and any Dependents. Both Employers and Employees can make pre-tax contributions, as either lump sum or through payroll deduction. All funds, including employer contributions are owned by the employee and are portable; even upon termination. Expenses are paid through debit card or via member reimbursement of pre-tax funds. Unused funds rollover year after year and can provide security against catastrophic losses. Contributions gain interest and can be invested after an account balance threshold is reached. IRS HSA Contribution limits for 2016: $3,350 for individuals, $6,750 for family and additional $1,000 for subscribers over the age of 55. 8
9 Eligible Expenses For a full listing of all eligible medical expenses visit 213(d) Medical Expenses (Medical, Dental, Vision & Preventive) COBRA premiums QLTC premiums (Qualified Long Term Care) Health premiums while receiving unemployment benefits If Medicare eligible due to age, health insurance premiums are eligible, except medical supplement policies (Medi-gap). Ineligible Expenses If you choose to use your HSA funds for a non-qualified expense, you may be subject to a 20% penalty. Certain exceptions may apply at age 65, upon disability, or death. 9
10 A Tale of Two Cards The Plan ID card identifies you as a member of the QHDHP-1 Plan. This card should be presented each time you visit a provider or fill a prescription. The HSA Debit Card should only be used after a claim has been processed through the Plan, to pay for any out-of-pocket expenses. 10
11 Using your HSA Card for Providers Member goes to provider and, presents new ID card (Highmark). Generally, member will not pay anything at office visit. Provider processes claim and sends to Highmark. If the deductible has not been satisfied, the provider is notified and a bill*is sent to the member. Member utilizes HSA funds to pay provider via Discovery Website or with HSA Debit Card. *The provider bill should reflect all member liability including deductible and/or coinsurance responsibility when deductible has been met. Invoices will reflect discounted amounts negotiated by Highmark. 11
12 Using your HSA Card at Pharmacy Member goes to pharmacy to fill a prescription and presents new ID card (Highmark). Pharmacy processes claim and has instant access to member deductible information. If the deductible has not been satisfied, the member is responsible for discounted cost of Rx*. Member utilizes HSA funds to pay pharmacy with the HSA Debit Card. *Once the deductible is satisfied, the member may also use HSA funds to pay any Rx copayment responsibility with the HSA Debit Card. 12
13 Sample HSA Payroll Contributions Based on 26 Pay Periods Amounts in BLUE are the maximum Employee contributions to an HSA for Both Employer and Employee contributions count towards the annual maximums allowed by the IRS: Employee Only: $2,400 Family (Employee + 1): $4,850 Amounts in GOLD are the levels needed to fully fund your HSA account to cover 2016 Out-of-Pocket expenses. Employee Only: $1,050 Family (Employee + 1): $2,100 If you turn age 55 during the benefit period, the IRS says you can catch-up on your contributions. They allow an additional $1,000 to be contributed annually. Annual Contribution Bi-Weekly Contribution $4,850 $ $2,500 $96.15 $2,100 $80.77 $1,750 $67.31 $1,500 $57.69 $2,400 $92.31 $1,250 $48.08 $1,050 $40.38 $1,000 $38.46 $500 $19.23 $250 $9.62 Remember your contributions are deposited tax-free! 13
14 QHDHP + HSA.How will it work? 2016/17 Employer HSA Contribution QHDHP Deductibles In-Network Out-of-Network Employee Only $1,300 $2,500 Family (Employee + 1) $2,600 $5,000 Coinsurance (Medical) 10% Copays (Rx) Retail: $10/$25/$50 Mail: $20/$62.50/$150 Not Covered Out-of-Pocket Max Employee Only $2,000 $4,000 Family (Employee + 1) $4,000 $8,000 Responsibility Deductible Employee Employer Employee Only $350 1 $950 Family (Employee + 1) $700 1 $1,900 Coinsurance Employee Employer 10% 1 $0 Out-of-Pocket Max. Employee Employer Employee Only up to an additional $700 1 $0 Family (Employee + 1) up to an additional $1,400 1 $0 1 Based on use of In-Network providers. The Out-of-Pocket maximum helps protect you from significant medical expenses. In most cases, once you reach the Out-of-Pocket maximum, your health plan will cover 100% of eligible expenses. Out-of-Pocket maximum now includes your deductible, coinsurance for Medical and copayments for Prescription Drug expenses. Once you have met your deductible, you are responsible for 10% 1 of your medical costs and any Rx copayments up to a total of: $2,000 1 for Employee Only coverage or $4,000 1 for Family coverage. It is important to utilize In-Network providers to help mitigate your total exposure. If you use any Out-of-Network providers, you will be responsible for the additional costs. 14
15 Claims Examples Typical Procedures and Costs Procedure Allowable Amount 1 Deductible 2 Coinsurance Notes MRI-Knee $1,972 $1,972 $0 Alternate local provider price $514 Tonsillectomy $4,120 $2,600 $152 Childbirth-No Complications $8,462 $2,600 $586 Spinal Fusion Surgery $68,442 $2,600 $1,400 Meets OOP Maximum 1 Prices sourced through BCBS WNY Cost Advisor Tool for Williamsport, PA; All reported prices refer to Hospital as the treating facility 2 Assumes Family Deductible 15
16 QHDHP + HSA Member Considerations 1) Is the employee covered by any other non-high deductible health plan or Full Purpose Medical FSA? Federal guidelines prohibit employees from contributing to a Health Savings Account if they are covered by Medicare, TriCare, CHIP, Full Purpose Medical FSA, or a spouse s non-cdhp insurance plan. Note: Once covered by Medicare, you may no longer contribute to the HSA. At the age of 65, you may withdrawal HSA funds and use it as you choose. It is counted as income and taxed as such. There is no penalty for withdrawal. 2) If an employee is ineligible for the HSA due to other coverage restrictions, can they still receive an employer contribution towards qualified medical expenses? Yes, employer contributions can be provided through a Health Reimbursement Account (HRA), however employees cannot make contributions to an HRA. 3) Is the employee participating in a Medical Flexible Spending Account? Employees cannot participate in an HSA and be eligible for benefits of a Full Purpose Medical FSA, even if eligibility is through a spouse s benefit package. Members may participate in a limited purpose FSA, which only reimburses dental, vision and preventive expenses. 4) Employees should evaluate expected health expenditures for the year. Healthier individuals may choose to fund the HSA equal to the deductible or less, while higher utilizers may choose to fund the HSA to the full out-of-pocket maximum. 5) How much available income do employees have to fund the HSA? Employees should contribute monthly to their HSA to ensure that they can offset Out-of-Pocket costs. If available funds are limited, members may incur some debt if faced with any unexpected medical expenses. 16
17 Frequently Asked Questions Q. If my spouse is enrolled in Medicare, can I still contribute to an HSA? A. Yes, as long as YOU are NOT enrolled in Medicare, you can contribute to an HSA. You may use the money to pay the cost of qualified medical expenses for you and your spouse. Q. Can I use my HSA funds for someone else s expenses, even if they aren t on my health plan? A. Yes, you may withdraw funds to pay for the qualified medical expenses of yourself, your spouse or a dependent as long as they are claimed on your tax return. Remember, if your spouse enrolls in a Medical Flexible Spending Account (FSA) through their own employer, you will not be eligible to contribute to an HSA. Q. Do I pay for the full doctor s office visit when I go to the doctor? A. Generally, No. If you use an in-network provider, you should not pay your doctor at the point-of-service. Your doctor will submit the claim to Highmark and you will receive an explanation of benefits (EOB) showing how much you are responsible for paying. Remember, when you use in-network doctors, you are only responsible to pay the discounted amount as determined by your insurance benefit. Q. When I withdraw funds from my HSA, what information do I need to keep? A. Save all receipts and records of withdrawals for tax verification, in the event of an audit. If you use your funds for non-health related expenses, you must report those withdrawals accordingly. You not your employer are responsible for maintaining all records associated with your HSA. 17
18 Questions 18
Pennsylvania College of Technology. Health Benefits Q&A Spring 2017
Pennsylvania College of Technology Health Benefits Q&A Spring 2017 May 2, 2017 Agenda 1. QHDHP Plan Basics 2. Highmark Resources 3. Health Savings Accounts 4. Health Advocate 5. Open Q&A Insurance Products
More informationYOU AND THE 2019 CONSUMER DRIVEN HEALTH PLAN (CDHP)
YOU AND THE 2019 CONSUMER DRIVEN HEALTH PLAN (CDHP) The Consumer Driven Health Plan (CDHP), coupled with a Health Savings Account (HSA), is an innovative health plan that helps to reduce healthcare costs.
More informationConsumer Directed Health Plan With Health Savings Account (CDHP with HSA) 2018 Frequently Asked Questions (FAQs)
Consumer Directed Health Plan With Health Savings Account (CDHP with HSA) 2018 Frequently Asked Questions (FAQs) Q: What is the Consumer Directed Health Plan (CDHP)? A: The CDHP is one of the medical plan
More informationOdessa School District
Odessa School District 2016 Employee Benefits Effective July 1, 2016 DELTA DENTAL OF MISSOURI PPO BASE Premier or Non-Network PPO BUY-UP Premier or Non-Network Deductible Individual $50 $50 Family $150
More informationEast Hartford BOE (Administrators) 2014 High Deductible Health Plan Information Meeting L O C K T O N C O M P A N I E S
East Hartford BOE (Administrators) 2014 High Deductible Health Plan Information Meeting L O C K T O N C O M P A N I E S 2014 Health & Welfare Benefits July 1, 2014 there will be no change to our current
More informationFrequently Asked Questions about the High Deductible (HDHP) HMO Plan with Health Savings Account (HSA)
Frequently Asked Questions about the High Deductible (HDHP) HMO Plan with Health Savings Account (HSA) The following questions and answers will help you better understand the High Deductible HMO Plan (HDHP)
More informationIntroduction to the High Deductible Health Plan and Health Savings Account HDHP + HSA 10/24/2017
Introduction to the High Deductible Health Plan and Health Savings Account 2 Why are we introducing a new health plan? DID YOU KNOW? About 70% of employers offer an HDHP option HDHPs have become increasingly
More informationHow to Use a High Deductible Plan
How to Use a High Deductible Plan The Diocese of Kansas is offering a High Deductible Health Plan / Health Savings Account (HDHP/HSA) for 2012. You can find the details of this plan in the Summary Plan
More information2018 Annual Enrollment Consumer Driven Health Plan The Lubrizol Corporation
2018 Annual Enrollment Consumer Driven Health Plan What we ll be talking about today Consumer Driven Health Plan How does the Plan work? What are the benefits of a Consumer Driven Health Plan (CDHP) with
More informationHealth Savings Accounts Frequently Asked Questions
Health Savings Accounts Frequently Asked Questions Health savings accounts put your health care spending in your own hands. You decide when and how to use your health care dollars and you can save on taxes
More informationHSA Account Based Health Plan with Health Savings Account Guide. Benefits LEAD WAY THE
HSA Account Based Health Plan with Health Savings Account Guide Benefits 2018 LEAD WAY THE You re in control with an Account-Based Health Plan Philips believes an Account-Based Health Plan (ABHP) with
More informationNEXT : Eligibility guidelines of a Health Savings Account.
Issue 1 What is a Health Savings Account (HSA)? A health savings account is a special tax-advantaged account owned by an individual where contributions to the account are to pay for current and future
More informationBOSTON UNIVERSITY Your Guide to 2016 Medical Options
BOSTON UNIVERSITY Your Guide to 2016 Medical Options Contents Resources to Learn More...3 Two Medical Options...4 2016 Health Plans at a Glance...6 The New PPO Plan...7 The New PPO Plan in Action...10
More informationA Healthy Way to Save
A Healthy Way to Save Health Savings Accounts (HSA) Invest in your health with an HSA What is an HSA A Health Savings Account (HSA) is an individually-owned, tax-free, interest-bearing savings account
More informationFREQUENTLY ASKED QUESTIONS. High Deductible Health Plans (HDHPs) and Health Savings Accounts (HSAs)
FREQUENTLY ASKED QUESTIONS High Deductible Health Plans (HDHPs) and Health Savings Accounts (HSAs) ABBVIE EMPLOYEES WANT TO KNOW High Deductible Health Plans Q. What is a High Deductible Health Plan (HDHP)?
More information2019 Health Savings Plan and Health Savings Account Questions
2019 Health Savings Plan and Health Savings Account Questions Contents Health Savings Plan (HSP)... 2 Health Savings Account (HSA) Overview... 4 Opening and Funding Your HSA... 5 Managing Your HSA... 8
More informationUnderstanding the Consumer Driven Health Plan. and Health Savings Account
Understanding the Consumer Driven Health Plan and Health Savings Account The Consumer-Driven Health Plan (CDHP), coupled with a Health Savings Account (HSA), is an innovative health plan that helps to
More informationHSA Frequently Asked Questions
HSA Frequently Asked Questions Overview Q1. WHAT IS A HEALTH SAVINGS ACCOUNT (HSA)? An HSA is a tax-exempt trust or custodial account established exclusively for the purpose of paying qualified medical
More informationNEW for 2019 High Deductible Health Plan
NEW for 2019 High Deductible Health Plan In addition to the Standard and Choice PPO plans, Larimer County will be offering a third option for the 2019 plan year. What? Why? The IRS defines a high deductible
More informationConsumer Driven Health Plan (CDHP) with Health Savings Account (HSA)
Consumer Driven Health Plan (CDHP) with Health Savings Account (HSA) Interact with this ebrochure. Here s how. This ebrochure is designed for onscreen viewing, allowing you to navigate through the document
More informationYour Guide to the Anthem Lumenos High Deductible Health Plan (HDHP)
2018 Your Guide to the Anthem Lumenos High Deductible Health Plan (HDHP) The Anthem Lumenos HDHP is a medical plan that offers comprehensive coverage for everything from doctor visits, x-rays and lab tests,
More information2018 Health Savings Account (HSA) Frequently Asked Questions. Table of Contents
2018 Health Savings Account (HSA) Frequently Asked Questions Table of Contents Health Savings Account (HSA) Plans What is a Health Savings Account (HSA)?...pg. 1 How does an IU Health HSA work?...pg. 1
More informationEaton Frequently Asked Questions
Eaton 2018 Medical Plan Options Frequently Asked Questions Table of Contents Eaton Medical Plan... 2 Medical Plan Options... 2 ID Cards... 2 Mechanics of Both Medical Plan Options... 3 Key Plan Features...
More informationFrequently Asked Questions about the GVSU High Deductible PPO Plan (HDHP) with Health Savings Account (HSA)
Frequently Asked Questions about the GVSU High Deductible PPO Plan (HDHP) with Health Savings Account (HSA) The following questions and answers will help you better understand the GVSU High Deductible
More informationFrequently Asked Questions: The Health Savings Plan
Frequently Asked Questions: The Health Savings Plan Comparing the Plans What are the major differences between the Health Savings Plan (HDHP) and the Traditional Plan (PPO)? The two plans have been designed
More informationHow Does a CDHP Work with an HSA
How Does a CDHP Work with an HSA 1 What is an HSA? A Health Savings Account (HSA) is a tax-advantaged checking account that works in conjunction with your Consumer Driven Health Plan (CDHP). Allows you
More information2019 Benefits Open Enrollment. High Deductible Health Plan (HDHP) with Health Savings Account (HSA) Deep Dive LEWIS & CLARK COLLEGE
2019 Benefits Open Enrollment High Deductible Health Plan (HDHP) with Health Savings Account (HSA) Deep Dive LEWIS & CLARK COLLEGE AGENDA What is a High Deductible Health Plan (HDHP) with Health Savings
More information2019 Benefits Open Enrollment. High Deductible Health Plan (HDHP) with Health Savings Account (HSA) Deep Dive
2019 Benefits Open Enrollment High Deductible Health Plan (HDHP) with Health Savings Account (HSA) Deep Dive LEWIS & CLARK COLLEGE WHAT IS A HDHP? An IRS-qualified, High Deductible Health Plan (HDHP) is
More informationHSA 101. A Quick Overview of the Health Savings Account Basics
HSA 101 A Quick Overview of the Health Savings Account Basics Agenda Health Savings Account Features HSA Eligibility Contributions Tax Information Distributions HSA-Qualified Expenses Paying for Medical
More informationTolland Board of Education High Deductible Health Plan Frequently Asked Questions
Tolland Board of Education High Deductible Health Plan Frequently Asked Questions What is a High Deductible Health Plan? Tolland is offering a High Deductible Health Plan (HDHP) with a Health Savings Account
More informationHealth Savings Accounts (HSAs) Everything You Need to Know
Health Savings Accounts (HSAs) Everything You Need to Know Benefits of an HSA Decreases Taxable Income and Increases Spendable Income for medical expenses Funds rollover each year, so you can use your
More informationEnrollment Toolkit. For Benefits Effective January 1, 2015
2015 Enrollment Toolkit For Benefits Effective January 1, 2015 WELCOME Welcome to the Olathe Public Schools Medical Insurance Program! This enrollment guide outlines your medical benefit program and what
More informationEMPLOYEE BENEFIT NEWSLETTER
EMPLOYEE BENEFIT NEWSLETTER BENEFIT INFORMATION Parkway School District s employee benefit plans renew January 1, 2014, which means it is time for the Annual Enrollment period. Our benefit package includes
More information2016 Benefits Open Enrollment
2016 Benefits Open Enrollment Discussion Topics Your Health Care Benefits in 2016 Two new Health Plan options Health Savings Account Selecting a Health Plan Option ALEX a new, interactive, online tool!
More information1. Provide Comprehensive & Superior Benefits at the Lowest Costs. 2. To improve the Benefit Administration Process
Pierce Group Benefits is a comprehensive benefit consulting firm created to design employee benefit solutions. Pierce Group currently provides benefits to 145 public sector clients and serves over 150,000
More informationGuide to the Health Investment Option with Health Savings Account (HSA) Make the most of your Fordham medical benefits, all year round
Guide to the Health Investment Option with Health Savings Account (HSA) Make the most of your Fordham medical benefits, all year round Fordham cares about your health and is committed to helping you make
More informationWestlake Chemical 2019 BENEFITS GUIDE
Westlake Chemical 2019 BENEFITS GUIDE Westlake Chemical Benefit Guide What s Inside About This Guide...1 Your 2019 Benefits Summary...1 Eligible Dependents...1 When Coverage Is Effective...1 Medical Plan
More informationFordham University Benefits Open Enrollment Overview for Local 153
Fordham University 2018 Benefits Open Enrollment Overview for Local 153 What We ll Cover Medical Plan Options A Closer Look at the Enhanced Standard Option A Closer Look at the Health Investment Option
More informationScott Florsheim, American Fidelity, WASBO May 2016
Scott Florsheim, American Fidelity, WASBO May 2016 This presentation and the information included herein are the property of the American Fidelity Health Services Administration (AFHSA) and may not be
More informationNew Staff Orientation 2017
New Staff Orientation 2017 MyBlueKC.com Website Agenda Added Value Services 2017 Medical Plan Options General Information Questions 2 Your 2017 Medical Plan Options 1 Traditional PPO (Preferred Provider
More informationGEHA Health Savings AdvantageSM High-deductible health plan with a health savings account (HSA) (800) 262-GEHA geha.com
GEHA 2015 Health Savings AdvantageSM High-deductible health plan with a health savings account (HSA) (800) 262-GEHA geha.com CODE Self Only 341 Self + Family 342 Enrollment checklist 1. Research health
More informationOpen Enrollment. November 5 to November 23, pg. 1
Open Enrollment November 5 to November 23, 2018 pg. 1 Table of Contents General Information. 3 Open Enrollment Checklist.. 4 What s New for 2019?... 5 NEW Optional Life Insurance. 6 2019 Employee Premiums
More informationBenefits Update Open Enrollment Erika Van Flein Director of Benefits
Benefits Update Open Enrollment 2013 Erika Van Flein Director of Benefits Today s Agenda: UA Benefits Update for FY14 Open Enrollment April 15 to May 15 Things you need to know Changes, additions, enhancements
More informationMarkWest Employee Meetings. September 2015
MarkWest Employee Meetings September 2015 1 Agenda Benefits Effective January 1, 2016 Health & Welfare Benefits Other Benefits/Programs Thrift & Retirement Benefits Next Steps 2 HEALTH & WELFARE BENEFITS
More informationCHOOSE A PLAN HSA-QUALIFIED DEDUCTIBLE PLANS HSA-QUALIFIED DEDUCTIBLE PLANS. What a deductible plan with an HSA option is and how it works
HSA-QUALIFIED DEDUCTIBLE PLANS CHOOSE A PLAN HSA-QUALIFIED DEDUCTIBLE PLANS What a deductible plan with an HSA option is and how it works IN THIS BROCHURE Understanding HSAs (health savings accounts) Benefit
More informationSanford Health Value Plan (HDHP+HSA) Frequently Asked Questions
Sanford Health Value Plan (HDHP+HSA) Frequently Asked Questions August 2017 This document is intended to answer frequently asked questions regarding Sanford Health s Value Plan (HDHP+HSA). Additional information
More informationWestlake Chemical Benefits Guide
Westlake Chemical Benefits Guide Westlake Chemical Benefit Guide What s Inside Your 2017 Benefits Summary...1 Your Eligible Dependents Include...1 Medical Plan Options...1 2017 Medical Premiums...1 2017
More informationReady, Set, Enroll! Take Action For Benefits
Ready, Set, Enroll! Take Action For Benefits KEY CHANGES FOR OPEN ENROLLMENT 1. Active Open Enrollment 2. Single sign-on for BenefitFocus through mybama 3. Pharmacy Benefit changing to Prime Therapeutics
More informationIs MITRE s HD Care PPO + HSA right for you?
Is MITRE s HD Care PPO + HSA right for you? How to leverage the plan for long-term advantages 2018 Healthcare MITRE Human Resources BOOKMARK What is a High Deductible Health Plan...1 What is a Health Savings
More informationAdvanced HSA Concepts
Advanced HSA Concepts 1 Sue Sieger, ACFCI, CAS Senior Compliance Consultant Employee Benefits Corporation sue.sieger@ebcflex.com The material provided in this webinar is by Employee Benefits Corporation
More informationIU Human Resources High Deductible Health Plan (HDHP) & Health Savings Account (HSA) INDIANA UNIVERSITY
IU Human Resources High Deductible Health Plan (HDHP) & Health Savings Account (HSA) INDIANA UNIVERSITY HDHP & HSA Overview Health Savings Account Tax-free Bank Account Medical Prescriptions Dental Vision
More informationBenefits Overview Open Enrollment
Benefits Overview 2017 Open Enrollment Benefits Overview Medical and Rx benefits 2 plans now being offered Choice Plus PPO In-Network Cost Deductible $750 Individual/$1,500 Family $20 Doctor Visit Co-Pay
More informationFrequently Asked Questions: HDHP with HSA 2011 Annual Enrollment. What s New for 2011
Frequently Asked Questions: HDHP with HSA What s New for 2011 1. Will my High Deductible Health Plan with Health Savings Account (HDHP with HSA) vendor be the same in 2011? 2. If my medical plan vendor
More informationNC Aetna Gold PPO /50 NC Aetna Gold PPO /50 NC Aetna Gold PPO /50 NC Aetna Gold PPO /70 HSA Umb
PPOMedical NC 01/01/2016 NC Aetna Gold PPO 500 80/50 NC Aetna Gold PPO 1000 80/50 NC Aetna Gold PPO 1500 80/50 NC Aetna Gold PPO 1750 100/70 HSA Umb Plan year (Individual/Family) /$1,000 $3,000/$6,000
More informationDassault Systè mès 2015 Enrollmènt
Dassault Systè mès 2015 Enrollmènt Frequently Asked Questions October 22, 2014 MEDICAL PLANS 1. What is a Consumer Directed Health Plan (CDHP)? CDHP is a term given to medical plans that embody the principles
More informationAetna and Health Equity
Aetna and Health Equity Aetna HDHP Medical and Health Savings Account Tony Ertassi Aetna Colton Pond Health Equity Danny Humphrey Health Equity October 6 and 7, 2015 2015 VMware Inc. All rights reserved.
More informationAgenda. Annual Benefit Enrollment What s New in 2019? Next Steps Questions?
2019 BENEFITS SSA Agenda Annual Benefit Enrollment What s New in 2019? Next Steps Questions? 2 Annual Benefit Enrollment Annual Enrollment is the time of the year to: Review benefit plan options Change
More informationHealth Savings Account (HSA)
What is a Health Savings Account? Health Savings Account (HSA) A Health Savings Account (HSA) is a tax-advantaged health care account that you own. You contribute to it with tax-free or tax-deductible
More information2018 HSA GUIDE. ...Your Benefits
...Your Benefits 2018 HSA GUIDE The HSA Plan consists of two parts that work together to give you more control over how you receive and pay for medical care and services, both now and in the future: the
More informationHRA Frequently Asked Questions
HRA Frequently Asked Questions HRA Descriptions What is an HRA? How does it work? A health reimbursement arrangement (HRA) is an employer-provided tax-sheltered arrangement that allows individuals to pay
More informationState Employee Health Plan
State Employee Health Plan Open Enrollment for Plan Year 2019 1 HCC Decisions 2019 is an Active Enrollment Dental benefit can be elected as a standalone benefit New hire employer contribution for the HSAs/HRAs
More informationWelcome to your Premera HSA plan
Welcome to your Premera HSA plan Company name Effective 1.1.2016 SAVINGS Get started You re enrolled in the HSA plan from Premera Blue Cross. It comes fully assembled and integrated, so you can immediately
More information2019 HSA Guide. Read more inside! 2019 HSA Guide
The HSA Plan consists of two parts that work together to give you more control over how you receive and pay for medical care and services, both now and in the future: the Health Savings Account and the
More informationSummary of Benefits. Community Blue Medicare Plus PPO. Northeastern Pennsylvania. January 1, 2018 December 31, Service Area
Northeastern Pennsylvania Community Blue Medicare Plus PPO Summary of Benefits January 1, 2018 December 31, 2018 Service Area Our service area includes the following counties in Pennsylvania: Clinton,
More information2015 HSA Plan Quick Guide
2015 HSA Plan Quick Guide The HSA Plan consists of two parts that work together to give you more control over how you receive and pay for medical care and services, both now and in the future: the Health
More informationWELCOME TO CIGNA CHOICE FUND. A guide for your health savings account INSIDE c 06/18 LET S GET STARTED MAKING CONTRIBUTIONS USING YOUR MONEY
WELCOME TO CIGNA CHOICE FUND INSIDE A guide for your health savings account 881604 c 06/18 Congratulations on opening a health savings account (HSA). This guide will help you get the most value from your
More informationHealth Savings Account (HSA) Frequently Asked Questions
What is an HSA? An HSA is a personal bank account created exclusively for individuals to pay for eligible health expenses and save for future healthcare expenses tax free. Am I eligible to contribute to
More informationAetna HealthFund Health Savings Account
Aetna HealthFund Health Savings Account Take control of your health care and your health care dollars! Small Group 41.02.326.1 B (9/08) Aetna is the brand name used for products and services provided by
More informationThe Leona Group Medical Benefit Plan Design
The Leona Group 2015-2016 Medical Benefit Plan Design PLAN NAME BASE PLAN BUY-UP PLAN CONSUMER-DRIVEN PLAN Provider Network Choice Choice Choice In -Network Out-of-Network In -Network Out-of-Network In
More informationWelcome to Open Enrollment for Plan Year 2017.
Welcome to Open Enrollment for Plan Year 2017. 1 We begin by reviewing the State of the Health Plan. This year the legislature authorized an efficiency study of State operations including the health plan.
More informationWelcome to Mid-Year Medical Renewal 2012!
Inside this issue: Your Current 0 Premiums Dental and Flex Spending Open Enrollment Information Basic Life and AD&D Insurance Humana Supplemental Products Lincoln Financial Ancillary Products FAQs (Medical,
More informationQ&A on Qualified High Deductible Health Plans (HDHP s) and Health Savings Accounts (HSA s)
Q&A on Qualified High Deductible Health Plans (HDHP s) and Health Savings Accounts (HSA s) Q. What is a Health Savings Account ( HSA )? A. A Health Savings Account is an alternative to traditional health
More informationOpen Enrollment. November 1 to November 22, This guide provides general details about your health, dental and vision benefits.
Open Enrollment November 1 to November 22, 2017 Table of Contents General Information... 2-3 What s New for 2018...4 Wellness Rewards Program... 5 2018 Employee Premiums... 6 Health Plan Information...
More informationGold Plan with HSA Rules of the Road
Gold Plan with HSA Rules of the Road Over the past several weeks you have received information about the new STERIS Gold Plan with an HSA which will be offered during the upcoming Open Enrollment. This
More informationKitsap Bank Health Savings Account Guide. A tax-smart way for you to manage growing healthcare costs.
Kitsap Bank Health Savings Account Guide A tax-smart way for you to manage growing healthcare costs. At Kitsap Bank, we believe that helping you prepare for the rising cost of health care is key to helping
More informationHealth Savings Accounts Frequently Asked Questions
Health Savings Accounts Frequently Asked Questions Like knowing what you re spending on health care costs? Then an HSA may be just the right thing for you. It puts your health care spending in your hands.
More informationPathways VILLANOVA UNIVERSITY Benefits Open Enrollment Guide
Pathways 2015-2016 2019-2020 VILLANOVA UNIVERSITY Benefits Open Enrollment Guide HUMAN RESOURCES March 18 March 29, 2019 A Letter from the Assistant Vice President, Human Resources Dear Colleague, Benefits
More informationPlan Comparison Checklist
Plan Comparison Checklist Date: The chart below should serve as a comprehensive guide for users when comparing health insurance plans during open enrollment. This chart is also used by Compass case managers
More informationNationalONE $ % The High Deductible Health Plan (HDHP) and Health Savings Account (HSA)
NationalONE $2600-100% The High Deductible Health Plan (HDHP) and Health Savings Account (HSA) July 1, 2017 2 District 622 Health Plan Offerings In-Network Benefits Available to: Deductible Medical Out-of-pocket
More informationUPMC Consumer Advantage health savings account. A great way to pay for your health care and save for the future
UPMC Consumer Advantage health savings account A great way to pay for your health care and save for the future Paying for your medical care no longer has to involve solely an old-style plan with copayments,
More informationImportant Questions Answers Why this Matters:
This is only a summary. If you want more detail about your coverage and costs, you can get the complete terms in the policy or plan document by calling 1-585-343-0055 ext. 6415. Important Questions Answers
More informationESB Health Savings Account
ESB-5387-1116 Health Savings Account How Does it Work? Set aside money, pre-tax, to pay for eligible medical expenses ESB-5387-1116 Why a Health Savings Account? 1 2 3 An account you own Triple tax advantage
More informationGettysburg College Open Enrollment Decision Considerations
Gettysburg College Open Enrollment Decision Considerations Consideration #1 - Payroll Deduction Consider the difference in Payroll Deduction Premium-share for your salary band and coverage category. For
More information2013 Health & Welfare Open Enrollment Overview
2013 Health & Welfare Open Enrollment Overview Open Enrollment October 22 November 7, 2012 Please note: The introduction of this benefits package for represented caregivers will be subject to bargaining
More informationIs MITRE s HD Care PPO + HSA right for you?
Is MITRE s HD Care PPO + HSA right for you? How to leverage the plan for long-term advantages MITRE Human Resources BOOKMARK What is a High Deductible Health Plan...1 What is a Health Savings Account?...3
More informationChoices as unique as you are. Start Here
Choices as unique as you are Start Here Updated: 1/2/2019 Table of Contents Navigate your benefits by clicking on a link below. Introduction...03 Dental Benefits...48 What s New...04 Vision Benefits...50
More informationELIGIBILITY INFORMATION YOU NEED TO KNOW
EMPLOYEE BENEFITS PLAN YEAR 2017-2018 TABLE OF CONTENTS Eligibility Information You Need to Know 3 Medical Benefits / Premiums 4 Deductible Type / Alternative Prescription Drug Program 6 Arkansas Blue
More information2019 RETIREE MEDICAL PLAN Information Session
2019 RETIREE MEDICAL PLAN Information Session Freedom, Journey & Retiree National Choice Freedom, Journey & Retiree National Choice Program Name U of M Retiree Plan with Group reblue SM Rx re Supplement
More informationInnovation Health Plan Guide
Innovation Health Plan Guide For businesses with 51 100 eligible employees Plans effective January 1, 2014 innovation-health.com 71.02.302.1-IH (11/13) Team up with us for the health of your business.
More informationHRA Product Offerings
HRA Product Offerings HRA Plan Designs Standard 213(d) HSA Compatible (Limited) Deductible Only RX Only including OTC Percentage Payment All Medical and RX All Medical and RX Employee Pays First Deductible
More informationHealthFlex High-Deductible Health Plan Frequently Asked Questions
HealthFlex High-Deductible Health Plan Frequently Asked Questions HealthFlex HDHPs Overview Q: What is a qualified high-deductible health plan (HDHP)? A: An Internal Revenue Service (IRS)-qualified HDHP
More informationHealth Savings Account (HSA) Health Equity. Blue Cross Blue Shield of Massachusetts
Health Savings Account (HSA) Health Equity 1 Health Equity BCBSMA Partnership BCBSMA for: - Medical Plan(s) Health Equity (HEQ) for: - Health Savings Account (HSA) BCBSMA Health Equity Partnership Advantages
More informationClick on a section or question to be taken directly to the answer you re looking for, or read through all the questions and answers.
Frequently Asked Questions: HDHP with HSA 2012 Annual Enrollment Table of Contents Click on a section or question to be taken directly to the answer you re looking for, or read through all the questions
More informationState Employee Health Plan Open Enrollment State of the Plan
State Employee Health Plan Open Enrollment 2017 Micah Thompson WSU HR 978-3079 micah.thompson@wichita.edu Kim Cinelli WSU HR 978-6121 kim.cinelli@wichita.edu State of the Plan The A&M Efficiency Report
More informationCHOOSE A PLAN CHOOSE A PLAN. What our plans offer and how they work IN THIS BROCHURE
CHOOSE A PLAN CHOOSE A PLAN What our plans offer and how they work IN THIS BROCHURE Four types of plans Benefit highlights Understanding health savings accounts (HSAs) CHOOSE A PLAN THAT FITS YOU WELL
More information2017 EMPLOYEE BENEFITS GUIDE
2017 EMPLOYEE BENEFITS GUIDE Medical Coverage ImmediaDent offers medical coverage through Blue Cross Blue Shield of Kansas City, a national healthcare company. Members have access to a nationwide network
More informationHealth Savings Account Overview. Findlay City Schools USI Insurance Services LLC Innovation Drive, Suite 220 Miamisburg, OH 45342
Health Savings Account Overview Findlay City Schools 2018 USI Insurance Services LLC 10100 Innovation Drive, Suite 220 Miamisburg, OH 45342 What is an HSA? Created in Medicare legislation and signed into
More informationA smart investment toward future health care expenses
Consumer accounts 1 A smart investment toward future health care expenses A health savings account (HSA) is a bank account owned by you. Use it to save money tax-free to pay for qualified expenses. Never
More informationAnnual Notice of Changes for 2014
True Blue Rx Option l (HMO) offered by Blue Cross of Idaho Health Service, Inc. (Blue Cross of Idaho) Annual Notice of Changes for 2014 You are currently enrolled as a member of True Blue Rx Option l (HMO).
More informationST. OLAF COLLEGE 2014 Employee Benefit Meeting May 2014
ST. OLAF COLLEGE 2014 Employee Benefit Meeting May 2014 Sarah Dahl Client Advisor 7225 Northland Drive North, Minneapolis, MN 55428 Disclaimer The benefits outlined throughout this presentation reflect
More information