Page 10 - 2017 Benefits Enrollment Busey Pulaski
P. 10
2017 BENEFITS ENROLLMENT
Compass CDHP and HSA
This year, we are providing a tool What is a Consumer-Driven Health Plan
through Compass to assist you (CDHP)?
in understanding your healthcare
options. Compass provides Here are the Basics of How CDHPs Work
advocates who help with the Except for preventive services and certain preventive prescriptions, you
following: pay for 100 percent of your medical and prescription drug services until
you meet the plan’s annual deductible. You have one deductible to satisfy
Review your medical bills and for both medical and prescription drug services.
EOBs
Follow up with insurance After that, you share the medical and prescription cost with the insurance
plans and providers in case of carrier until you reach your out-of-pocket maximum amount for the year.
errors As a reminder, you pay the network discounted rate when services are
Facilitate bill payment or bill rendered by in-network providers.
guidance Once you reach your out-of-pocket maximum amount, the insurance plan
Find in-network providers will pay all of your costs; you pay nothing more for the remainder of the
Assist in obtaining pre- plan year.
authorizations and out-of-
pocket cost estimates for Why Do We Offer CDHPs?
procedures CDHPs encourage individuals to become more active in making
healthcare decisions. The actual cost of services under a CDHP has more
Compass is available to full-time impact on you than under traditional plans. Conversely, under traditional
associates, their spouse, parents, plans, you often just pay a lat dollar copay and may not realize the actual
parents-in-law and children, costs of your doctor’s visits and prescriptions. A CDHP puts you in
regardless of plan provider.
the driver seat and in better control of how much you spend on your
To reach out to an advocate, healthcare.
call 800.513.1667 or email
answers@compassphs.com.
10 FIRST BUSEY CORPORATION
Compass CDHP and HSA
This year, we are providing a tool What is a Consumer-Driven Health Plan
through Compass to assist you (CDHP)?
in understanding your healthcare
options. Compass provides Here are the Basics of How CDHPs Work
advocates who help with the Except for preventive services and certain preventive prescriptions, you
following: pay for 100 percent of your medical and prescription drug services until
you meet the plan’s annual deductible. You have one deductible to satisfy
Review your medical bills and for both medical and prescription drug services.
EOBs
Follow up with insurance After that, you share the medical and prescription cost with the insurance
plans and providers in case of carrier until you reach your out-of-pocket maximum amount for the year.
errors As a reminder, you pay the network discounted rate when services are
Facilitate bill payment or bill rendered by in-network providers.
guidance Once you reach your out-of-pocket maximum amount, the insurance plan
Find in-network providers will pay all of your costs; you pay nothing more for the remainder of the
Assist in obtaining pre- plan year.
authorizations and out-of-
pocket cost estimates for Why Do We Offer CDHPs?
procedures CDHPs encourage individuals to become more active in making
healthcare decisions. The actual cost of services under a CDHP has more
Compass is available to full-time impact on you than under traditional plans. Conversely, under traditional
associates, their spouse, parents, plans, you often just pay a lat dollar copay and may not realize the actual
parents-in-law and children, costs of your doctor’s visits and prescriptions. A CDHP puts you in
regardless of plan provider.
the driver seat and in better control of how much you spend on your
To reach out to an advocate, healthcare.
call 800.513.1667 or email
answers@compassphs.com.
10 FIRST BUSEY CORPORATION
