Page 12 - Franklin Madison 2021 Benefits Guide
P. 12
Employee Cost of Medical Options
Biweekly Paycheck Contributions Choosing the Medical Plan That’s
Full-Time Part-Time Right for You
Employee Cost Employee Cost When you’re ready to choose a medical plan, be
Consumer Choice with HSA sure to take advantage of Emma, our easy-to-use
Employee $41.00 $134.16 beneit tool that can help make selecting your
Employee + $84.00 $280.48 plan easier than ever! Check it out by visiting
Child(ren) www.paylocity.com.
Employee + $96.00 $320.32
Spouse
Employee + Family $138.00 $455.05 Who Should Consider the Aetna Consumer
POS Basic Choice with Health Savings Account?
Employee $71.00 $131.82 For the majority of employees, the Consumer
Employee + $139.00 $281.34 Choice will be the least expensive medical plan.
Child(ren) Not only will the premiums be lower, there is more
Employee + $164.00 $314.83 opportunity to save money and protect themselves
Spouse
Employee + Family $237.00 $453.24 from the inancial risk of higher claims with the
POS Enhanced tax advantages of the HSA. If healthy, the HSA
Employee $81.00 $145.80 can grow signiicantly over time adding additional
Employee + $159.00 $312.68 protection in the future even after leaving the
Child(ren) company. Employees who use a lot of out-of-
Employee + $186.00 $348.23 network care however may be better of in the POS
Spouse plans.
Employee + Family $260.00 $502.89
Who Should Consider the Aetna Point-of-
Service (POS) plans?
The POS options are the most expensive plans
as it relates to the bi-weekly payroll contribution;
however, you will pay less out of pocket when
services are rendered.
Important update for 2021—All spousal surcharges
will be waived during the 2021 plan year. This update is
temporary. The surcharge will pick back up in 2022.
A $25.00 per-pay-period Spousal Surcharge is assessed
for those employees who elect medical coverage for their
spouses. The surcharge will not apply if your spouse
doesn’t have access to his or her own employer-sponsored
coverage. Employees will be required to sign a statement
during the enrollment period conirming their spouse’s
beneit coverage options. If your spouse experiences a
change in beneit coverage options during the calendar
year please contact Human Resources within 30 days
of the event date to request a change to the spousal
12 surcharge status.
Biweekly Paycheck Contributions Choosing the Medical Plan That’s
Full-Time Part-Time Right for You
Employee Cost Employee Cost When you’re ready to choose a medical plan, be
Consumer Choice with HSA sure to take advantage of Emma, our easy-to-use
Employee $41.00 $134.16 beneit tool that can help make selecting your
Employee + $84.00 $280.48 plan easier than ever! Check it out by visiting
Child(ren) www.paylocity.com.
Employee + $96.00 $320.32
Spouse
Employee + Family $138.00 $455.05 Who Should Consider the Aetna Consumer
POS Basic Choice with Health Savings Account?
Employee $71.00 $131.82 For the majority of employees, the Consumer
Employee + $139.00 $281.34 Choice will be the least expensive medical plan.
Child(ren) Not only will the premiums be lower, there is more
Employee + $164.00 $314.83 opportunity to save money and protect themselves
Spouse
Employee + Family $237.00 $453.24 from the inancial risk of higher claims with the
POS Enhanced tax advantages of the HSA. If healthy, the HSA
Employee $81.00 $145.80 can grow signiicantly over time adding additional
Employee + $159.00 $312.68 protection in the future even after leaving the
Child(ren) company. Employees who use a lot of out-of-
Employee + $186.00 $348.23 network care however may be better of in the POS
Spouse plans.
Employee + Family $260.00 $502.89
Who Should Consider the Aetna Point-of-
Service (POS) plans?
The POS options are the most expensive plans
as it relates to the bi-weekly payroll contribution;
however, you will pay less out of pocket when
services are rendered.
Important update for 2021—All spousal surcharges
will be waived during the 2021 plan year. This update is
temporary. The surcharge will pick back up in 2022.
A $25.00 per-pay-period Spousal Surcharge is assessed
for those employees who elect medical coverage for their
spouses. The surcharge will not apply if your spouse
doesn’t have access to his or her own employer-sponsored
coverage. Employees will be required to sign a statement
during the enrollment period conirming their spouse’s
beneit coverage options. If your spouse experiences a
change in beneit coverage options during the calendar
year please contact Human Resources within 30 days
of the event date to request a change to the spousal
12 surcharge status.
