Employees may choose to spend their HSA money on medical deductibles and expenses incurred before the annual deductible
has been met.
Expanded annual deductible
amounts: From $0 to $200, in $25 increments.
For those PlanSmartChoice users who changed medical plans, 70 percent reported doing so because their current plan's employee contribution, annual deductible
, or drug costs were too high.
Negotiators added substance abuse and psychiatric treatment programs, increased the lifetime maximum on major medical benefits from $50,000 to $500,000, established annual maximum out-of-pocket expenses of $1,000 for individual coverage and $1,500 for family coverage, and raised the annual deductible
from $50 to $100 per individual.
For example, on the WiseEssentials plan, the annual deductible
is waived for six office visits.
With either PurinaCare plan, pet owners can choose an annual deductible
from various levels.
The annual deductible
was boosted over the term by $50, to $150, for single coverage and by $150, to $450, for family coverage.
HIP mandates participants put between 2 percent and 5 percent of their income, based on a sliding scale, into a state-subsidized health savings account of up to $1,100, which is the annual deductible
for the program's private health insurance.
Because total charges were higher in scenario 3 (largely due to hospitalization and surgery), the annual deductible
accounted for a small percentage of expenses.
Beginning in 2007, (1) you can fund your HSA by making a one-time direct transfer from your IRA to your HSA; (2) qualifying health flexible spending account (FSA) or health reimbursement arrangement (HRA) distributions may be rolled over on a one-time-only basis via direct transfer to an HSA; (3) the maximum deductible contribution is no longer limited to the annual deductible
under the high deductible plan; (4) for computing the annual HSA contribution, if you are an eligible individual in the last month of a tax year, you're deemed eligible during every month of that year (if you remain eligible during a testing period); and (5) you can take a maximum HSA contribution of $2,850 for single coverage ($5,650 for family coverage).
Employees also would have the option to keep the current traditional basic/ major medical plan that requires a 20percent employee copayment after the annual deductible
Most drug-only plans featuring $0 annual deductible
plus gap coverage will cost seniors $40 or more in monthly premiums.
These plans provide preventive care, prescription drug and emergency room coverage, as well as a choice of annual deductible
As one of two MA HMOs in the state to offer comprehensive formulary coverage in the doughnut hole, Senior Dimensions will attract more members in 2007 by selling its drug coverage at a $0 premium and $0 annual deductible
In addition, the company pays 90 percent of most medical expenses after employees meet a $250 annual deductible
for individual coverage ($750 annual deductible
for family coverage).