High Deductible Plan Sample Clauses
A High Deductible Plan clause defines a health insurance plan that requires the insured to pay a higher amount out-of-pocket before the insurance coverage begins to pay for eligible expenses. Typically, this clause specifies the minimum deductible amount that qualifies the plan as 'high deductible,' and may outline which types of medical expenses count toward meeting the deductible. The core function of this clause is to clarify the cost-sharing structure between the insurer and the insured, often making the plan compatible with Health Savings Accounts (HSAs) and helping to control premium costs by shifting more initial expenses to the insured.
High Deductible Plan. The School District shall offer a high-deductible health and hospitalization insurance plan coupled with a Health Savings Account (hereinafter “HSA”). Each teacher who chooses to enroll in the High Deductible/HSA Plan will receive a School District contribution to a HSA set up for that teacher. See ARTICLE 33 regarding long term substitutes for specific information regarding their benefit. The following provisions apply to the High Deductible/HSA Plan offered by the School District:
High Deductible Plan. The District shall offer a high-deductible health insurance plan coupled with a Health Savings Account (HSA) in addition to its $250/$500 Deductible Plan. The High Deductible Plan years will run July 1, 2023 through June 30, 2024 and July 1, 2024 through June 30, 2025.. Each employee who chooses to enroll in the High Deductible/HSA Plan will receive a District contribution to a Health Savings Account set up for that employee. The following provisions apply to the High Deductible/HSA Plan offered by the District:
High Deductible Plan. The District shall offer a high-deductible health insurance plan coupled with a Health Savings Account (HSA) in addition to its $250/$500 Deducible Plan. Each employee who chooses to enroll in the High Deductible/HSA Plan will receive a District contribution to a Health Savings Account set up for that employee. See Article XXXIII regarding long-term substitutes for specific information regarding their benefit. The following provisions apply to the High Deductible/HSA Plan offered by the District:
High Deductible Plan. For full-time career employees who elect to enroll in the high-deductible medical plan, the City contribution to medical premium shall be one hundred percent (100%), and the City’s contribution to the Health Savings Account (HSA) shall be as follows:
(1) For full-time career employees electing to enroll in employee-only coverage on the high-deductible medical plan, the City’s HSA contribution shall be equal to fifty percent (50%) of the difference between the City’s employee- only premium contribution to the PPO medical plan and the City’s employee- only premium contribution to the high-deductible medical plan. The City’s HSA contribution shall not exceed the annual employee-only deductible of the high-deductible medical plan.
(2) For full-time career employees electing to enroll in other than employee-only coverage on the high-deductible medical plan, the City’s contribution shall be equal to fifty percent (50%) of the difference between the City’s employee plus family premium contribution to the PPO medical plan and the City’s employee plus family premium contribution to the high-deductible medical plan. The City’s contribution shall not exceed the annual family deductible of the high-deductible medical plan.
(3) For part-time career employees, the City’s contribution to the HSA and the high-deductible medical plan premiums shall be separately prorated based on the budgeted FTE of the part-time career position.
(4) Employees may elect to make additional HSA contributions, through pre-tax payroll deductions, up to the annual HSA contribution limits set by the IRS. Health Insurance Plan Advisory Committee: Quarterly, two (2) members of SHA, management, a representative from Salem Human Resources and two (2) members of represented staff shall meet to discuss health plan proposals.
High Deductible Plan. The chart below outlines the contribution of the part-time PASA member and the college to cover the cost of the deductible:
High Deductible Plan. The High Deductible Plan individual deductible shall be two thousand dollars ($2,000) in-network, three thousand ($3,000) out-of-network, and the family deductible shall be four thousand ($4,000) in-network, six thousand ($6,000) out-of-network. Prescription co-pays shall be $10/$30/$100 after deductible for in-network, and 40% co-insurance after deductible for out-of-network.
High Deductible Plan. The chart below outlines the contribution of the full-time faculty member and the college to cover the cost of the deductible:
High Deductible Plan. The chart below outlines the contribution of the employee and the college to cover the cost of the deductible. Single Family