Page 4 - 2016 Enrollment
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4
The Nortek health plans are account- Medical Plan Options
based health plans, which means you
will use dollars in a healthcare account Generally speaking, the Health Reimbursement Arrangement (HRA) plan
to pay for some of your medical
expenses. The two plan choices are: has:
An HRA—or Health Lower deductibles and out-of-pocket maximums
Reimbursement Arrangement— Fixed copays for prescription drugs, ofice visits, ER, and urgent care
plan
which count towards your out-of-pocket max
An HSA—or Health Savings
Account—plan Higher monthly employee premiums
The plans give you more lexibility— The High Deductible Health Plan with Health Savings Account (HSA)
and accountability—to determine has:
when, where, and how to receive
healthcare services and how to spend Higher deductibles and out-of-pocket maximums
those dollars.
Both plans are with UnitedHealthcare, Signiicant tax advantages
and offer in-network and out- No copays; you pay the full discounted price of covered services until
of-network beneits. We use your deductible is met, then 20 percent coinsurance up to the out-of-
UnitedHealthcare’s Choice Plus plan pocket maximum
network, which includes 645,000
physicians and hospitals across the Lower monthly employee premiums
country.
Once you satisfy any applicable deductibles and out-of-pocket maximums
for the plan you choose, Nortek will cover expenses at 100 percent for the
remainder of the plan year.
Both plans use the UnitedHealthcare Choice Plus Network. To ind an
We’ll Fund Your in-network doctor or hospital, visit www.myuhc.com and select Find
Account Physician, Laboratory or Facility. Once enrolled, you can register on the
If you enroll in the HRA or HSA UHC site and access additional tools and resources.
medical plan the company will put
$1,000 for individuals covered and
$2,000 for employees covering
themselves and family members
into your savings account (either the
HRA or the HSA). These company
paid dollars can be used to offset the
higher deductibles associated with
these plan designs.
Nortek
The Nortek health plans are account- Medical Plan Options
based health plans, which means you
will use dollars in a healthcare account Generally speaking, the Health Reimbursement Arrangement (HRA) plan
to pay for some of your medical
expenses. The two plan choices are: has:
An HRA—or Health Lower deductibles and out-of-pocket maximums
Reimbursement Arrangement— Fixed copays for prescription drugs, ofice visits, ER, and urgent care
plan
which count towards your out-of-pocket max
An HSA—or Health Savings
Account—plan Higher monthly employee premiums
The plans give you more lexibility— The High Deductible Health Plan with Health Savings Account (HSA)
and accountability—to determine has:
when, where, and how to receive
healthcare services and how to spend Higher deductibles and out-of-pocket maximums
those dollars.
Both plans are with UnitedHealthcare, Signiicant tax advantages
and offer in-network and out- No copays; you pay the full discounted price of covered services until
of-network beneits. We use your deductible is met, then 20 percent coinsurance up to the out-of-
UnitedHealthcare’s Choice Plus plan pocket maximum
network, which includes 645,000
physicians and hospitals across the Lower monthly employee premiums
country.
Once you satisfy any applicable deductibles and out-of-pocket maximums
for the plan you choose, Nortek will cover expenses at 100 percent for the
remainder of the plan year.
Both plans use the UnitedHealthcare Choice Plus Network. To ind an
We’ll Fund Your in-network doctor or hospital, visit www.myuhc.com and select Find
Account Physician, Laboratory or Facility. Once enrolled, you can register on the
If you enroll in the HRA or HSA UHC site and access additional tools and resources.
medical plan the company will put
$1,000 for individuals covered and
$2,000 for employees covering
themselves and family members
into your savings account (either the
HRA or the HSA). These company
paid dollars can be used to offset the
higher deductibles associated with
these plan designs.
Nortek
