2020 HSA with Pharmacy Highlights Newsletter

CHOOSE A PLAN THAT PUTS YOU IN CHARGE

Cigna Choice Fund ® Health Savings Account (HSA) plan

Giving you more of what you want Medical plans offered through Cigna can help you take control of your health – and your costs. They’re called account-based plans. These plans offer you a typical medical plan at a higher deductible – the amount you pay before your plan starts to pay – but with a health account to help with the cost of meeting that deductible. Cigna Choice Fund These account-based plans give you access to useful information that will help you make the best choices – for you and your family. With a Cigna Choice Fundplan you’re given the freedom to seek care from a network of licensed doctors, hospitals and other health care professionals. Choose to see doctors who participate in the Cigna network and take advantage of discounted rates on care. Choose to see a doctor outside the network and you can still use your health savings account to pay for the cost of rates on covered services, but you’ll typically pay more. With Cigna, customer service is available 24/7/365. You can also use other helpful resources, such as myCigna.com and the Cigna 24-hour Health Information Line to access a wide range of health information. Find programs, compare cost and quality information and become more aware of your health care costs. A health savings account puts you in charge of your health care spending Account-based plans allow you to be actively involved in all of your health care purchases (yes, they are purchases!) and decisions. One of the most important concepts of account-based plans is value – getting something at a reasonable price without sacrificing quality.

For example, many people have purchased a car at some point. You probably did a lot of research and considered what was important to you in terms of features, quality and price. Then, you had to determine the vehicle that best fit your needs – and your budget. When it comes to decisions about health care, our needs are as diverse as the cars we drive. We’re all looking for more choices and control over our health and what we spend on health care. So what is a health savings account? The Cigna Choice Fund Health Savings Account (HSA) plan provides a health care plan with a tax-free* health savings account you establish through your employer. Both you and your employer may contribute to your account, up to the current federal limit. The money in your HSA belongs to you. You decide how you want to pay for your health care expenses. Whether you use the money in your account or other personal money, your next step is to meet your deductible (the amount you pay before your plan starts to pay). Once you do, you pay a percentage of your covered expenses and the plan pays the rest. Remember, the money in your account is yours until you spend it – and if you leave the plan, change employers or retire, you take it with you. There’s no question that a Cigna Choice Fund plan comes with the flexibility you need. But you’ll also be glad to know that when you choose this plan, it will help you to more effectively control your health care expenses without sacrificing important care.

Helping you address the challenges of rising health care costs.

Cost + Quality + Features = Value

Offered by Cigna Health and Life Insurance Company.

882301 a HSA RX 11/17

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