How Voluntary Benefits Work With Your HDHP

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Presentation transcript:

How Voluntary Benefits Work With Your HDHP High Deductible Health Plan (HDHP) $4,000 deductible  Out-of-pocket cost Employee/Employer can contribute pre-tax dollars to an HSA/HRA to cover out-of-pocket medical expenses 2019 IRS HSA Maximum: $3,500 Employee / $7,000 Family Standard Voluntary Plans Receive cash benefit to use toward the plan deductible. Alternative Voluntary Plans Receive discounted service to reduce out-of-pocket costs. Critical Illness Accident Hospital Indemnity 98point6 A text-based virtual clinic with 24/7 access to board-certified physicians who can diagnose, prescribe, order labs, offer follow up visits and more. __ No copay $20-$120/yr GoodRx An app to help customers find the lowest cost pharmacy in their area and provide prescription discount coupons. __ No charge Pays a cash benefit in the event of a covered diagnosis such as heart attack, stroke or cancer. __ $5,000 - $30,000 cash benefit* Pays a cash benefit in the event of a covered accident such as a fracture, dislocation, burn, concussion or laceration. __ $150 - $10,000 cash benefit Pays a cash benefit in the event of hospitalization, to cover the hospital stay, transportation, meals and child care. __ $1,000 cash benefit *Additional Wellness Benefit available for certain screenings

How Voluntary Benefits Work With Your HDHP High Deductible Health Plan (HDHP) $4,000 deductible  Out-of-pocket cost Employee/Employer can contribute pre-tax dollars to an HSA/HRA to cover out-of-pocket medical expenses 2019 IRS HSA Maximum: $3,500 Employee / $7,000 Family Standard Voluntary Plans Receive cash benefit to use toward the plan deductible. Alternative Voluntary Plans Receive discounted service to reduce out-of-pocket costs. Critical Illness Accident Hospital Indemnity Digital Health Card Telemedicine visits for minor health issues, behavioral health therapy, cost comparison tools, caregiver support and more. __ $0-$65 copay GoodRx An app to help customers find the lowest cost pharmacy in their area and provide prescription discount coupons. __ No charge Pays a cash benefit in the event of a covered diagnosis such as heart attack, stroke or cancer. __ $5,000 - $30,000 cash benefit* Pays a cash benefit in the event of a covered accident such as a fracture, dislocation, burn, concussion or laceration. __ $150 - $10,000 cash benefit Pays a cash benefit in the event of hospitalization, to cover the hospital stay, transportation, meals and child care. __ $1,000 cash benefit *Additional Wellness Benefit available for certain screenings

How Voluntary Benefits Work With Your HDHP High Deductible Health Plan (HDHP) $4,000 deductible  Out-of-pocket cost Employee/Employer can contribute pre-tax dollars to an HSA/HRA to cover out-of-pocket medical expenses 2019 IRS HSA Maximum: $3,500 Employee / $7,000 Family Standard Voluntary Plans Receive cash benefit to use toward the plan deductible. Alternative Voluntary Plan Receive discounted service to reduce out-of-pocket costs. Critical Illness Accident Hospital Indemnity 98point6 A text-based virtual clinic with 24/7 access to board-certified physicians who can diagnose, prescribe, order labs, offer follow up visits and more. __ No copay $20-$120/yr Pays a cash benefit in the event of a covered diagnosis such as heart attack, stroke or cancer. __ $5,000 - $30,000 cash benefit* Pays a cash benefit in the event of a covered accident such as a fracture, dislocation, burn, concussion or laceration. __ $150 - $10,000 cash benefit Pays a cash benefit in the event of hospitalization, to cover the hospital stay, transportation, meals and child care. __ $1,000 cash benefit *Additional Wellness Benefit available for certain screenings

How Voluntary Benefits Work With Your HDHP High Deductible Health Plan (HDHP) $4,000 deductible  Out-of-pocket cost Employee/Employer can contribute pre-tax dollars to an HSA/HRA to cover out-of-pocket medical expenses 2019 IRS HSA Maximum: $3,500 Employee / $7,000 Family Standard Voluntary Plans Receive cash benefit to use toward the plan deductible. Alternative Voluntary Plan Receive discounted service to reduce out-of-pocket costs. Critical Illness Accident Hospital Indemnity Digital Health Card Telemedicine visits for minor health issues, behavioral health therapy, cost comparison tools, caregiver support and more. __ $0-$65 copay Pays a cash benefit in the event of a covered diagnosis such as heart attack, stroke or cancer. __ $5,000 - $30,000 cash benefit* Pays a cash benefit in the event of a covered accident such as a fracture, dislocation, burn, concussion or laceration. __ $150 - $10,000 cash benefit Pays a cash benefit in the event of hospitalization, to cover the hospital stay, transportation, meals and child care. __ $1,000 cash benefit *Additional Wellness Benefit available for certain screenings

How Voluntary Benefits Work With Your HDHP High Deductible Health Plan (HDHP) $4,000 deductible  Out-of-pocket cost Employee/Employer can contribute pre-tax dollars to an HSA/HRA to cover out-of-pocket medical expenses 2019 IRS HSA Maximum: $3,500 Employee / $7,000 Family Standard Voluntary Plans Receive cash benefit to use toward the plan deductible. Alternative Voluntary Plans Receive discounted service to reduce out-of-pocket costs. Critical Illness Accident Hospital Indemnity Plan Name Plan Name Plan Name Pays a cash benefit in the event of a covered diagnosis such as heart attack, stroke or cancer. __ $5,000 - $30,000 cash benefit* Pays a cash benefit in the event of a covered accident such as a fracture, dislocation, burn, concussion or laceration. __ $150 - $10,000 cash benefit Pays a cash benefit in the event of hospitalization, to cover the hospital stay, transportation, meals and child care. __ $1,000 cash benefit Description __ Cost Description __ Cost Description __ Cost *Additional Wellness Benefit available for certain screenings