How it works This is a general overview of how the Cigna Choice Fund HSA works. For details about your company’s plan, see your plan documents.
YOUR HEALTH ACCOUNT
YOUR SHARE
YOUR HEALTH PLAN
Your tax-free* HSA is established through your employer. You decide how and when to use the money – use it to pay for eligible health care expenses or save it for future needs. The amount used from your account for eligible health expenses helps you meet your annual deductible (the amount you pay before your plan starts to pay). What you don’t use in the plan year earns interest. Take the account with you when you leave the plan, change jobs or retire.
With the health plan, you’ll pay an annual deductible before your health plan begins to pay for eligible expenses. Only services covered by your health plan count toward your deductible (see your coverage details for plan-specific information). You can pay for your share with your HSA, other personal funds or both.
Once you meet your deductible, you pay a fixed amount and/or a percentage of your covered expenses and the plan pays the rest. You can choose to pay for your share of the costs up to your plan’s out-of-pocket maximum by using your HSA, other personal funds or both. Once you meet this plan’s out-of-pocket maximum, your plan pays covered expenses at 100%.
› Your tax-free* savings account is opened. You, your employer, or both, may contribute to your account. › You can choose to participate in investment options when your balance reaches $1,000. You can save for future medical costs or opt to invest your funds. You can use your account to pay for eligible health care expenses. › Use your debit card, checkbook, auto pay, or online bill pay to reimburse your health care expenses. › Take the account with you when you leave the plan, change jobs or retire. › You’re protected by an annual limit on how much you pay. When using a Health Savings Account, remember that it should only be used for qualified health care expenses to avoid any tax consequences. For a list of qualified expenses, please refer to Section 213(d) of the Internal Revenue code or visit Cigna.com.
Smarter choices, bigger rewards When you choose a Cigna Choice Fund plan, you’re choosing the opportunity to have more control over your health care spending. You also gain access to a network for quality care and competitive discounts, and online tools to help you find information on health care options and opportunities. The following programs and services are important features of Cigna Choice Fund plans. › Preventive care: At Cigna, we focus on helping to keep you well. That’s why it’s important to know that preventive care services are covered at no added cost to you when you receive them from a provider who participates in your plan's network.** › Decision support tools: Use tools on myCigna.com to track claims and account balances, learn about health conditions and treatments and estimate costs for specific medical treatments.
› Health coaches: Partner with a health coach to take an active role in your health. Get information on treatment options, ask personal questions about your health coverage, discuss health assessment results and learn to better manage conditions including low back pain, high blood pressure, high cholesterol and more. › Health assessment: Complete this confidential online health questionnaire. Learn how you can improve your health through wellness recommendations. The choice is yours. Gain more control and freedom over your health with Cigna Choice Fund.
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