BNY Mellon Benefits Guide
About the HSA Plans
The Lower Deductible HSA Plan and Higher Deductible HSA Plan are built on traditional health insurance plans with these features:
  • Both options offer access to the same national networks of doctors and hospitals provided by Aetna or UnitedHealthcare.
  • Preventive care is covered at 100 percent if you use in-network providers.
  • You save through negotiated discounts when non-preventive care is received in-network, while retaining the freedom to use out-of-network providers at a higher cost.
  • After you reach your annual deductible, BNY Mellon pays 80 percent of the cost of most other eligible in-network care and you pay 20 percent.
  • Your out-of-pocket medical costs are limited to an annual maximum—including your deductible and coinsurance—which is the most you will pay in any year.
  • Prescription coverage is provided through CVS Caremark with negotiated discounts.
Both of the HSA plan options have a higher deductible than traditional health plans. Thus, high-deductible health plans (HDHPs) make it more important for you to research the price and value of medical services using the price and quality comparison tools, such as those provided by Castlight. You may find that other services have equally effective but less costly alternatives. Asking questions about quality, price and value can help you manage costs without sacrificing quality of care.
At the same time, the Health Savings Account that becomes available to you when you enroll in either HSA Plan option provides you with a way to pay for the higher deductible and other eligible health expenses, in the current year or in the future.
Please note: If you enroll in other medical coverage, such as through your spouse's or qualified domestic partner's plan, including a general-purpose health care flexible spending account or general purpose health reimbursement account, or are covered by any part of Medicare or TRICARE, by federal law, you are not eligible to make or receive contributions to a Health Savings Account. (While you can still enroll in the Lower Deductible HSA Plan or Higher Deductible HSA Plan, you will not be eligible to make or receive contributions to a Health Savings Account.)