Page 9 - Franklin Madison 2021 Benefits Guide
P. 9
Medical Plan Options
Franklin Madison ofers three Aetna medical Aetna Point-of-Service (POS) Plans
plans, each of which provide access to quality (Basic and Enhanced)
care and comprehensive coverage. They are: The Point-of-Service Plans are traditional healthcare
y Aetna Consumer Choice with HSA plans with higher premiums and lower copays,
y Aetna Point-of-Service (POS) Plans (Basic deductibles and coinsurance than the Consumer
& Enhanced) Choice Plan. Although they do not ofer a special
account to save for future healthcare expenses, you
Aetna Consumer Choice with HSA may save for anticipated costs annually and pre-tax
The Consumer Choice Plan is a high deductible through a Flexible Spending Account (FSA). These
funds are not portable, however, you can rollover a
Aetna healthcare plan paired with a tax-advantaged maximum of $500 into the next plan year. Saving
Health Savings Account (HSA) through PayFlex. for future healthcare would require a personal after-
Consumer Choice Plan premiums are lower than tax savings account. The plans ofer the following:
the POS plans, so you may save for future medical y In- and out-of-network care
expenses in the HSA. Funds in the HSA can be used y Preventive covered at 100% in-network
to pay for any out-of-pocket medical costs, including
your deductible. y No referrals for providers required
The plan ofers the following: Coverage Levels
y In- and out-of-network care Coverage levels are available for:
y Preventive covered at 100% in-network y Employee
y No referrals for providers required y Employee + Child(ren)
y The company contributes up to $600 to the HSA y Employee + Spouse
for individual coverage and up to $1,200 for y Employee + Family
all other coverage levels. Simply complete an
annual preventive exam to qualify for the full Decline Coverage
company contribution If you decline medical coverage when you irst
y The HSA can be invested, funds will roll over become eligible, you will have to wait until the
from year to year, and the account is portable next annual enrollment to elect it, unless you have
a qualiied life status change during the year, as
explained on page 6.
9
Franklin Madison ofers three Aetna medical Aetna Point-of-Service (POS) Plans
plans, each of which provide access to quality (Basic and Enhanced)
care and comprehensive coverage. They are: The Point-of-Service Plans are traditional healthcare
y Aetna Consumer Choice with HSA plans with higher premiums and lower copays,
y Aetna Point-of-Service (POS) Plans (Basic deductibles and coinsurance than the Consumer
& Enhanced) Choice Plan. Although they do not ofer a special
account to save for future healthcare expenses, you
Aetna Consumer Choice with HSA may save for anticipated costs annually and pre-tax
The Consumer Choice Plan is a high deductible through a Flexible Spending Account (FSA). These
funds are not portable, however, you can rollover a
Aetna healthcare plan paired with a tax-advantaged maximum of $500 into the next plan year. Saving
Health Savings Account (HSA) through PayFlex. for future healthcare would require a personal after-
Consumer Choice Plan premiums are lower than tax savings account. The plans ofer the following:
the POS plans, so you may save for future medical y In- and out-of-network care
expenses in the HSA. Funds in the HSA can be used y Preventive covered at 100% in-network
to pay for any out-of-pocket medical costs, including
your deductible. y No referrals for providers required
The plan ofers the following: Coverage Levels
y In- and out-of-network care Coverage levels are available for:
y Preventive covered at 100% in-network y Employee
y No referrals for providers required y Employee + Child(ren)
y The company contributes up to $600 to the HSA y Employee + Spouse
for individual coverage and up to $1,200 for y Employee + Family
all other coverage levels. Simply complete an
annual preventive exam to qualify for the full Decline Coverage
company contribution If you decline medical coverage when you irst
y The HSA can be invested, funds will roll over become eligible, you will have to wait until the
from year to year, and the account is portable next annual enrollment to elect it, unless you have
a qualiied life status change during the year, as
explained on page 6.
9
