Page 4 - 2017-18 TechLab Benefits Guide
P. 4
Please note—Your medical deductible runs on Medical and Prescription
a calendar year basis. This means that your
deductible applies January 1—December 31, Drug Coverage
2017. If your medical plan election changes
on July 1 due to open enrollment, the For many of us, nothing is more important than our health and
amount to have accumulated towards your the health of our family members. This is why we offer a robust
deductible will apply towards your new medical and pharmacy insurance program to our employees. We
plan. Your deductible will not start over until
January 1, 2018. Please contact HR with any partner with Anthem to offer this coverage.
questions.
Plan Highlights
Important Terms Traditional PPO Plans
Deductible You pay ofice visit/prescription drug copays and are not
The amount you pay toward medical and responsible for meeting your deductible irst
dental expenses each year before the plan After you meet your deductible, Anthem will pay the
begins paying beneits.
coinsurance portion displayed; you are responsible for the
Copayment remaining amount
A lat fee you pay for medical services; High Deductible Health Plan (HDHP)
generally applies to physicians’ ofice visits
and prescription drugs. The Lumenos HSA plan has a lower per pay period premium
cost to you, but a higher calendar year deductible and out-of-
Coinsurance pocket maximum
The percentage of the medical or dental All non-preventive medical and prescription services apply
charges you pay after you have paid the toward the deductible and out-of-pocket maximum
deductible.
If you participate in this plan, you may set aside additional
Out-of-Pocket Limit pre-tax dollars through payroll deductions to add to your
The total amount an employee or dependent Health Savings Account (HSA)
pays out-of-pocket in a given plan year.
Once this maximum has been reached the Find an In-Network Provider
plan pays 100% of eligible expenses for the
remainder of the plan year. When you choose to visit in-network providers you’ll receive the
deepest level of discount on your services. You will also have
Premium the most cost protection from your plan. This is because our
The amount an employee pays for beneit in-network providers have agreed to charge negotiated rates. To
coverage. ind an in-network provider near you, visit www.anthem.com. If
Network you decide to go to an out-of-network provider, there are beneits
Group of doctors or hospitals who agree available. However, you will pay more out of your pocket for care.
to negotiated rates with a health insurance
company.
4 2017–2018 Benefits Enrollment
a calendar year basis. This means that your
deductible applies January 1—December 31, Drug Coverage
2017. If your medical plan election changes
on July 1 due to open enrollment, the For many of us, nothing is more important than our health and
amount to have accumulated towards your the health of our family members. This is why we offer a robust
deductible will apply towards your new medical and pharmacy insurance program to our employees. We
plan. Your deductible will not start over until
January 1, 2018. Please contact HR with any partner with Anthem to offer this coverage.
questions.
Plan Highlights
Important Terms Traditional PPO Plans
Deductible You pay ofice visit/prescription drug copays and are not
The amount you pay toward medical and responsible for meeting your deductible irst
dental expenses each year before the plan After you meet your deductible, Anthem will pay the
begins paying beneits.
coinsurance portion displayed; you are responsible for the
Copayment remaining amount
A lat fee you pay for medical services; High Deductible Health Plan (HDHP)
generally applies to physicians’ ofice visits
and prescription drugs. The Lumenos HSA plan has a lower per pay period premium
cost to you, but a higher calendar year deductible and out-of-
Coinsurance pocket maximum
The percentage of the medical or dental All non-preventive medical and prescription services apply
charges you pay after you have paid the toward the deductible and out-of-pocket maximum
deductible.
If you participate in this plan, you may set aside additional
Out-of-Pocket Limit pre-tax dollars through payroll deductions to add to your
The total amount an employee or dependent Health Savings Account (HSA)
pays out-of-pocket in a given plan year.
Once this maximum has been reached the Find an In-Network Provider
plan pays 100% of eligible expenses for the
remainder of the plan year. When you choose to visit in-network providers you’ll receive the
deepest level of discount on your services. You will also have
Premium the most cost protection from your plan. This is because our
The amount an employee pays for beneit in-network providers have agreed to charge negotiated rates. To
coverage. ind an in-network provider near you, visit www.anthem.com. If
Network you decide to go to an out-of-network provider, there are beneits
Group of doctors or hospitals who agree available. However, you will pay more out of your pocket for care.
to negotiated rates with a health insurance
company.
4 2017–2018 Benefits Enrollment
