Page 4 - The Polyclinic New Hire Guide Condensed
P. 4
Medical Benefits Overview
Medical Benefits Overview
The Polyclinic offers an IRS-qualiied High Deductible Health Plan (HDHP) from
First Choice Health with a Health Savings Account (HSA) from Optum Health
Financial. The plan covers preventive care services and screenings at
Health Savings Account 100 percent with no cost-sharing for adults and children.
(HSA) Key Features of a HDHP
Administered by Optum X You pay lower premiums but higher annual deductibles
Health Financial
If you are enrolled in our HDHP X Employees who enroll in a High Deductible Health Plan are
plan, The Polyclinic makes a monthly eligible to open the Health Savings Account (HSA) offered at The
contribution to your HSA. You own Polyclinic
the HSA and unused funds accrue and X A three-tiered prescription drug beneit through ClearScript is
rollover each year. The HSA allows
you to pay for IRS-qualiied medical available after you have met the annual deductible
expenses tax free (see IRS Publication There are two options for a Flexible Spending Account (FSA)
502 for additional details). The HSA
can be used for qualiied expenses, provided by Optum Health Financial. An FSA is a savings account for
such as your medical plan deductible, healthcare expenses. You can set aside money into an FSA before taxes
dental, vision care services, prescription are deducted and later use that cash on eligible health expenses. FSA
drugs, eyeglasses, contacts, weight-loss accounts on average save you 30 percent on your costs.
programs, and alternative care. You
may use payroll deductions to direct
additional pre-tax contributions to your
account, up to the annual IRS limit; for
2015, the individual maximum is $3,350
and the family maximum is $6,650.
4
2015 New Employee Benefit Overview
Medical Benefits Overview
The Polyclinic offers an IRS-qualiied High Deductible Health Plan (HDHP) from
First Choice Health with a Health Savings Account (HSA) from Optum Health
Financial. The plan covers preventive care services and screenings at
Health Savings Account 100 percent with no cost-sharing for adults and children.
(HSA) Key Features of a HDHP
Administered by Optum X You pay lower premiums but higher annual deductibles
Health Financial
If you are enrolled in our HDHP X Employees who enroll in a High Deductible Health Plan are
plan, The Polyclinic makes a monthly eligible to open the Health Savings Account (HSA) offered at The
contribution to your HSA. You own Polyclinic
the HSA and unused funds accrue and X A three-tiered prescription drug beneit through ClearScript is
rollover each year. The HSA allows
you to pay for IRS-qualiied medical available after you have met the annual deductible
expenses tax free (see IRS Publication There are two options for a Flexible Spending Account (FSA)
502 for additional details). The HSA
can be used for qualiied expenses, provided by Optum Health Financial. An FSA is a savings account for
such as your medical plan deductible, healthcare expenses. You can set aside money into an FSA before taxes
dental, vision care services, prescription are deducted and later use that cash on eligible health expenses. FSA
drugs, eyeglasses, contacts, weight-loss accounts on average save you 30 percent on your costs.
programs, and alternative care. You
may use payroll deductions to direct
additional pre-tax contributions to your
account, up to the annual IRS limit; for
2015, the individual maximum is $3,350
and the family maximum is $6,650.
4
2015 New Employee Benefit Overview
