High deductible definition
Examples of High deductible in a sentence
Members may “waive” (not recommended) participation in group plans for medical, dental and/or vision coverage subject to insurance carrier’s or OEBB rules and regulations; however, according to OEBB rules, members who waive insurance coverage may not receive unused District contributions in compensation, or in a Section 125 plan which includes an HSA (for High deductible (HDHP), HSA compliant health plan participants).
This money will be placed into a Section 125 plan including an HSA (for High deductible (HDHP), HSA compliant health plan participants).
Effective January 1, 2017, each full time employee may select one of the plans listed above or one of the additional options: High deductible HMO plan with the option to add to a Health Savings Account at employee’s expense.
High deductible PPO plan with the option to add to a Health Savings Account at employee’s expense.
High deductible medical and RX coverage through mutually agreed upon carrier.
The following provisions shall apply to the VEBA plan offered by the District: High deductible VEBA health plan Single Coverage: if employee selects the VEBA plan with single coverage, the District will make a $1,200 annual contribution to the employee's VEBA HRA.
High deductible VEBA health plan Dependent Coverage: if employee selects the VEBA plan with dependent coverage, the District will make a $2,400 annual contribution to the employee's VEBA HRA.
Starting in the 2021-2022 school year, health insurance will be $1200 deductible PPO Insurance Coverage OR $3600 High Deductible PPO HSA Eligible Coverage with the option for Alternate Networks with a $0 PPO /$2500 High deductible Coverage.
Medical – High deductible medical and RX coverage through mutually agreed upon carrier.
High deductible overages will be defined as the difference between the amount the District contributes and the cost of high deductible premiums.