BNY Mellon Benefits Guide
Cost of Coverage
Your cost of coverage, or your per-pay cost, is what you pay for medical coverage whether or not you use medical services. It is important to consider both your cost of coverage and your cost of care (i.e., deductible, coinsurance and out-of-pocket maximum) when comparing your health plan options. Review the "2018 Medical Contributions."
Make sure your current health plan election still meets your needs for 2018. See "Tools to Help You Choose the Right Health Plan" in the Welcome to Open Enrollment 2018 section for interactive tools you can use to compare options more carefully.
PLAN HRA (HEALTH REIMBURSEMENT ACCOUNT) MAY BE RIGHT FOR YOU IF YOU . . .
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PLAN HSA (HEALTH SAVINGS ACCOUNT) MAY BE RIGHT FOR YOU IF YOU . . .
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* Under Plan HRA, individual deductibles apply to each family member until the family deductible is met. Under Plan HSA, if an employee elects coverage for dependents, the "true family" deductible must be met before the Plan reimburses for benefits, even if only one family member incurs expenses. Plan HSA out-of-pocket expenses paid for an individual family member are limited to no more than $6,850 for in-network coverage before Plan HSA reimburses 100 percent of eligible expenses.
Note: If you enroll for other medical coverage that is not a qualifying high-deductible health plan, such as through your spouse's or domestic partner's plan, including a general purpose Health Care FSA or HRA, or are covered by any part of Medicare including Part A, Part B, etc., or Tricare, by federal law, you aren't eligible to make or receive any contributions for the Health Savings Account. (This is an IRS rule.)