If you live in an area where Kaiser is available, you have the option of enrolling in the Kaiser High Deductible HMO.
The Kaiser High Deductible HMO features lower per-paycheck contributions than the Kaiser HMO option, with a higher deductible and out-of-pocket maximum.
One of the best features of the Kaiser High Deductible HMO is the availability of a Health Savings Account (HSA). With an HSA, you can contribute before-tax dollars to your HSA to pay for eligible expenses, including medical, prescription drug, dental and vision expenses. Unlike the health care FSA, any money in your account left over at the end of the year stays in your account, so you can watch it grow and use it for future expenses.
And, if you earn less than $150,000 per year in base salary, the company also makes a contribution to your account of:
- $500 for employee only coverage
- $1,100 if you cover yourself and at least one other person
The HSA can be a valuable savings tool for your future. Learn more about the HSA and take the time to watch the informative video.
Not sure if the plan is right for you? Be sure to visit the Cotality Benefits Center and use the Decision Support Tool to get a better look at your out-of-pocket costs with each plan.
- Lower per paycheck premiums
- You can contribute to the HSA – save money today and for your future
- You can contribute to the Health Care FSA, but money in your account can be used for dental and vision expenses only
- Your prescription drug costs are subject to your medical deductible – there is not a separate prescription drug deductible