a tip from
Looking for ways to save money on your prescriptions? ALEX® can help!
How the Plans Differ:
Choice Fund HrA Plan
Choice fund hsa plan
• Lower Annual Deductible
• Higher Annual Deducible (considered a High-Deductible Health Plan or HDHP) • Lower Payroll Contributions • Comes with a Health Savings Account (refer to “What is a Health Savings Account?” on page 14 for more information) • When one or more dependents are covered under the plan, the Annual Family Deductible is shared. However, the plan includes an embedded Annual Individual Out-of-Pocket Maximum, which means you will not pay more than this amount in a calendar year for any individual covered under the plan. • For prescriptions and all covered services that are not considered routine and preventive, you pay the cost until you meet your deductible. After you meet your deductible, you pay a percentage of the cost.
• Higher Payroll Contributions • Comes with a Health Reimbursement Account (refer to “What is a Health Reimbursement Account?” on page 13 for more information) • When one or more dependents are covered under the plan, there is an Maximum, which means you will not pay more than these amounts in a calendar year for any individual covered under the plan. •You pay a copay when you have a visit at the doctor’s office or urgent care center for covered services that are not considered routine and preventive. embedded Annual Individual Deductible and Out-of-Pocket
•You pay a percentage for prescription drugs, up to a certain amount.
• Click here to see the prescription drugs that are covered under this plan at 100%.
• For all other covered services, including visits to the emergency room, you pay the cost until you meet your deductible. After you meet your deductible, you pay a percentage of the cost.
10
Made with FlippingBook flipbook maker