Page 7 - OpenX 2022 Book of Benefits

HEALTH CARE

Let’s get started with one of the most important benefits: health care. As

important as having health care is, choosing a plan can be complicated
and confusing. That’s why we’ve outlined precisely what plans we

have, as well as the costs associated with them. And if you ever have a

question, just ask us. Your good health means the world to our world.

SOME TERMS YOU SHOULD KNOW:

Premium: The amount you pay for access to the insurance network every month, like a subscription
fee, regardless of whether you use your insurance coverage.

Deductible: The amount you must pay for medical services before the plan starts to pay a benefit.
Preventative care is covered at 100% with no deductible required, in-network only.

Copay: A flat fee you pay when you receive medical care. Copays do not apply to your deductible,
but they do apply to your out-of-pocket maximum.

Coinsurance: The percentage of costs for a covered health-care service that you pay after you’ve
paid your deductible.

HEALTH CARE | 6