Understanding the options for medical benefits
You have a choice between two plans for medical coverage.
HSA Advantage Plan
This works best for those who use less healthcare. The per-paycheck premiums are lower but your cost of care during the year is higher through deductibles and coinsurance.
This plan uses an aggregate deductible. This means the full family deductible must be met before the health plan’s coinsurance covers expenses for any one covered member.
With this plan, you will have a Health Savings Account (HSA) that you can use to pay for healthcare with pretax dollars.
This works best for heavier users of healthcare. It offers lower deductibles and fixed copays for in-network office visits, but has higher per-paycheck premiums.
This plan uses an embedded deductible. This means that once a covered member meets the individual deductible, the health plan covers their expenses, even if the full family deductible amount has not been met.
For more information about how you and the health system share the cost for your healthcare expenses on either plan, read Understanding deductibles, copays and coinsurance.
Preventive care is 100% covered in both plans when in-network providers are used. This is to encourage employees and their dependents to get their appropriate check-ups and screenings.
Because we are proud of the care we provide, using a health system provider is the most affordable option in both plans. The second-lowest cost option is for in-network providers. Learn more about provider networks.
Understanding the HSA Advantage Plan
Employees who choose the HSA Advantage Plan will have a health savings account to help pay for healthcare expenses with pretax dollars.
Here are important things to know about electing an HSA:
- The health system provides “seed” money to support employees with healthcare expenses. The money is deposited the first week of January 2023.
- Individual coverage: $500
- Family coverage: $1,000
- Employees may contribute additional pretax dollars to their HSA from each paycheck to build up the account for healthcare expenses, up to the maximum amount allowed by the IRS:
- $3,850 for individual coverage
- $7,750 for family coverage
- Employees 55 and older may contribute an additional $1,000
- Think of an HSA as a guaranteed discount on money you’re already going to spend on eligible healthcare expenses (braces, prescription drugs, copays for medical care and much more).
- Funds in an HSA roll over from year to year.
- HSA funds are 100% yours and the money goes with you if you leave the health system.
- You can invest the money in your HSA.
Per-paycheck premiums for medical insurance
The chart shows how much you will pay out of your paycheck for medical insurance, along with the larger portion paid by the health system to support each employee.
If your spouse is offered medical insurance through their employer, you will pay an extra $50 per paycheck if you add them as a covered dependent on your medical plan.