Page 5 - AAG Benefits Guide OOS (Non-CA) Employees

2021 4
BENEFITS

MEDICAL GLOSSARY

As you review your medical options, it is
important to understand the costs associated
with each plan. Your individual situation will
determine which of these costs has the most
influence on your plan selection.

Employee Contributions: Refers to the
amount you pay through payroll deductions
for the plans you choose. The Employee
Contribution amount depends on which plans
you choose and whether you are covering
dependents. Employee contributions are
ARAG deducted from your paycheck on a pre-tax
// Voluntary Legal Plan basis. Premiums for non-IRS tax dependents

will be deducted on a post-tax basis. Out-of-Pocket Maximum: This is a very
Fidelity important fact to understand. This annual
// 401(k) Deductible: This is the amount you must pay maximum limit protects you from unlimited

before the medical insurance begins to pay medical expenses. The maximum is the most
any benefits, unless the deductible is waived. you will have to pay for eligible expenses

Copay: Is a set amount you pay for a specific during the plan year. Once you meet the
service, such as an office visit out-of-pocket maximum the plan will pay
or a prescription. 100% of all eligible expenses.
Coinsurance: Some plans require that you Your Costs: Out-of-Pocket costs along with
pay a percentage of the cost of a service. your Employee Contributions comprise your
This percentage is coinsurance. total health care costs.

ANNUAL OUT-OF-POCKET MAXIMUMS

In-Network Only In-Network Out-of-Network
PLAN
(Single / Family) (Single / Family) (Single / Family)

HDHP 1500 (HSA) N/A $4,500 / $9,000 $27,000 / $54,000

HDHP 3500 (HSA) N/A $6,000 / $11,000 $12,000 / $22,000