Page 4 - 2019 Murphy Benefits Enrollment
P. 4
Important Terms MEDICAL
Deductible—the amount you pay For many people, nothing is more important than our health and the
toward eligible medical expenses health of our family members. This is why Murphy Company offers a
each year before the plan begins
paying beneits robust medical and pharmacy program to employees. Murphy partners
with Anthem to provide these beneits.
Copay—a lat fee you pay for
medical services; generally applies As an employee of Murphy Company, you have the option between three
to physicians’ oice visits and
prescription drugs plans—the Premium Plan, Regular Plan, and the HSA Plan. You are
encouraged to weigh the below considerations when choosing the plan
Coinsurance—the percentage of which best meets your needs.
the medical charges you pay after
you have paid the deductible
Features of Each Plan
Out-of-pocket limit—the total Access to Anthem’s national network
amount an employee or dependent
pays out-of-pocket in a given plan Coverage for routine preventive care at 100%
year; once this maximum has been
reached the plan pays 100% of Premium Plan Features
eligible expenses for the remainder
of the plan year Highest per-paycheck premiums with lowest deductibles and out-of-
pocket maximums
Network—group of doctors or
hospitals who agree to negotiated Flat dollar copays for Tiers 1, 2, and 3 prescription drugs
rates with a health insurance Flat dollar copays for primary and specialty doctor’s ofice visits
company
Eligible to participate in the Flexible Spending Account (FSA)
Regular Plan Features
Higher per-paycheck premiums with lower deductibles and out-of-
pocket maximums
Flat dollar copays for Tiers 1, 2 and 3 prescription drugs
Flat dollar copays for primary and specialty doctor’s ofice visits
Eligible to participate in the Flexible Spending Account (FSA)
HSA Plan Features
Lowest per-paycheck premiums with highest deductible, which allows
you to pay for care when you need it
Medical and prescription drug expenses are subject to the deductible,
exception for preventive care
(New!) Certain preventive medications are covered at 100%—no cost
to you
Eligible to participate in the Health Savings Account (HSA)
4
Deductible—the amount you pay For many people, nothing is more important than our health and the
toward eligible medical expenses health of our family members. This is why Murphy Company offers a
each year before the plan begins
paying beneits robust medical and pharmacy program to employees. Murphy partners
with Anthem to provide these beneits.
Copay—a lat fee you pay for
medical services; generally applies As an employee of Murphy Company, you have the option between three
to physicians’ oice visits and
prescription drugs plans—the Premium Plan, Regular Plan, and the HSA Plan. You are
encouraged to weigh the below considerations when choosing the plan
Coinsurance—the percentage of which best meets your needs.
the medical charges you pay after
you have paid the deductible
Features of Each Plan
Out-of-pocket limit—the total Access to Anthem’s national network
amount an employee or dependent
pays out-of-pocket in a given plan Coverage for routine preventive care at 100%
year; once this maximum has been
reached the plan pays 100% of Premium Plan Features
eligible expenses for the remainder
of the plan year Highest per-paycheck premiums with lowest deductibles and out-of-
pocket maximums
Network—group of doctors or
hospitals who agree to negotiated Flat dollar copays for Tiers 1, 2, and 3 prescription drugs
rates with a health insurance Flat dollar copays for primary and specialty doctor’s ofice visits
company
Eligible to participate in the Flexible Spending Account (FSA)
Regular Plan Features
Higher per-paycheck premiums with lower deductibles and out-of-
pocket maximums
Flat dollar copays for Tiers 1, 2 and 3 prescription drugs
Flat dollar copays for primary and specialty doctor’s ofice visits
Eligible to participate in the Flexible Spending Account (FSA)
HSA Plan Features
Lowest per-paycheck premiums with highest deductible, which allows
you to pay for care when you need it
Medical and prescription drug expenses are subject to the deductible,
exception for preventive care
(New!) Certain preventive medications are covered at 100%—no cost
to you
Eligible to participate in the Health Savings Account (HSA)
4
