Page 7 - 2022 Mersen Benefit Guide New Hires Final

Key Plan

Save up to approximately 30% of your overall medical and prescription expenses by selecting the

Key Plan; a lower cost plan for the engaged consumer. With the Key Plan and its HSA, members
actively choose in-network health care providers, manage health expenses, improve health

spending knowledge and have HighmarkBCBS support with administration and questions.

With the Key Plan, instead of copays, you pay the full, discounted medical or prescription drug cost for any claims that
you incur until you reach your deductible. Once you’ve met your deductible, coinsurance will be your responsibility up to
the maximum out-of-pocket limit. As with all of our medical plans, your costs are lower if you have in-network
services/providers.

The Key Plan is paired with a Health Saving Account (HSA). The HSA will help you save for deductibles, qualified, and/or out-of-
pocket medical expenses by designating pre-tax payroll deductions into this account.

Mersen will also contribute money into your 2022 health savings account! Here are more details to the HSA and Mersen’s
Key Plan.
With an HSA you:

➢ Register for this pre-tax savings account (HSA).
➢ Get reimbursed for qualified, out-of-pocket medical expenses. IRS guidelines apply.
➢ Mersen will also contribute to the savings accounts to help you with your deductibles.
In 2022, Mersen will contribute $750 for individual coverage and $1,250 for employee + 1 (or more).
➢ In addition to contributing to the accounts before taxes, you also earn interest, the money never expires, and
you can take it with you even if you change jobs*.
➢ You can contribute to the HSA up to $3,650 for individual and $7,300 for employee+1 or more. Please note this
amount is inclusive of any Mersen contributions made.

To be eligible for a HSA, you:
• Must be enrolled in Mersen’s Key Plan (IRS-qualified high-deductible medical plan).
• Cannot have any other health coverage.
• Not covered by spouse’s medical or pharmacy plan.
• Not covered through Medicare Part A or Part B or State Plan.
• Not covered through a general-purpose Flexible Spending Account (FSA) plan (either employer’s or spouse’s).
• Cannot be claimed as a dependent on another person’s tax return.

Here are some highlights of how the options work:
• You have access to both in-network and out-of-network providers—you’ll pay less when you stay in-network.
• You pay 100% of eligible medical and prescription drug expenses (except for preventive care expenses)
until you satisfy the annual deductible.
• After you satisfy the deductible the Plan pays a portion of eligible expenses and you pay the
rest (the coinsurance) up to the out-of-pocket maximum. If you cover dependents, you must
satisfy the family deductible.

You are protected with an annual cap which is known as the out-of-pocket maximum.

*Banking fees apply to the administration of the HSA account once you are no longer employed with Mersen or no longer actively
enrolled in the Key Plan.

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PLEASE NOTE: Employees covered by a collective bargaining agreement should refer to their union agreement to determine if they are eligible for these plans.