WHICH IS THE RIGHT PLAN FOR YOU? As you’re considering Averitt’s two medical plan options through BlueCross BlueShield, think through how you and your dependents use the medical plan. On the Traditional Health Plan, you’ll pay more out of your paycheck but less when you use the plan. On the High Deductible Health Plan, you have extra money from the HSA and you’ll pay less out of your paycheck, but you may pay more at the doctor or pharmacy. Don’t overpay to have more coverage than you need! Some key features below can help you compare.
HIGH DEDUCTIBLE HEALTH PLAN (HDHP)
TRADITIONAL HEALTH PLAN (THP)
PAYCHECK PREMIUMS How do the plans compare on the amount I pay out of my paycheck?
Higher
Lower
Yes! You’re ready for a rainy day with $10 per week for individual coverage or $20 per week if you’re covering family Yes, up to IRS limits ($4,150 individual, $8,300 family in 2024) — and you won’t be taxed on contributions, growth or when you buy eligible expenses
HSA FUNDING Does Averitt offer any funding to my HSA?
None, this plan is not eligible for an HSA
TAX-ADVANTAGED SAVINGS Can I contribute my own pre-tax dollars to an HSA? PREDICTABLE COSTS Does the plan have copays, so I can budget and anticipate what I’ll pay a little more easily? DEDUCTIBLE How do the plans compare on the amount I’ll pay out-of-pocket before the plan starts paying a percentage? OUT-OF-POCKET MAXIMUM How do the plans compare in a worst-case scenario — the most I’ll pay before the health plan covers all eligible costs?
No
Yes
No
Lower
Higher
Lower
Higher
PHARMACY How does my plan work when I fill prescriptions?
You pay copays, which count toward the out-of-pocket max but not the deductible
You pay the full cost of prescriptions until you meet the deductible, then you pay 20% of the cost
• Preventive care visits are covered at 100% • One ID card for both medical and prescription coverage • Averitt pays the majority of your medical premium cost • You pay less when you use in-network providers through BlueCard PPO, but you can also go out-of-network • Access to Teladoc virtual medical care • Ability to fill both 30- and 90-day prescriptions
HOW ARE THEY THE SAME?
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