Page 13 - Busey 2021 Annual Benefits Enrollment

First Busey Corporation Benefits Guide

CDHP and Health

Savings Account

(HSA)

What is a Consumer-Driven

Health Plan (CDHP)?

Here are the Basics of How CDHPs
Work
Except for preventive services and certain preventive
prescriptions, you pay for 100% of your medical and
prescription drug services until you meet the plan’s
annual deductible. You have one deductible to satisfy
for both medical and prescription drug services.

After that, you share the medical and prescription costs
with the insurance carrier until you reach your out-of-
pocket maximum amount for the year. As a reminder,
you pay the network discounted rate when services are
rendered by in-network providers.

Once you reach your out-of-pocket maximum amount,
the insurance plan will pay all of your costs; you pay
nothing more for the remainder of the plan year.

Why Do We Offer CDHPs?
CDHPs encourage individuals to become more active in
making healthcare decisions. The actual cost of services
under a CDHP has more impact on you than under
traditional plans. Conversely, under traditional plans,
you often just pay a lat dollar copay and may not realize
the actual costs of your doctor’s visits and prescriptions.
A CDHP puts you in the driver’s seat and in better
control of how much you spend on your healthcare.

13