2016 Medical Plan Options-AE
Beginning January 1, 2016 you will have a third medical plan option available to you through Aetna.
The Aetna PPO Plan is a traditional co-pay style medical plan with hospital services subject to a deductible and cost sharing similar to the Cigna Open Access Plus PPO Plan we have today.
The Aetna Consumer Choice (HSA) Plan is a new plan that couples a high deductible health plan with a tax advantaged Health Savings Account.
The Aetna Whole Health (ACO) Plan provides a lower cost option, but requires use of a more limited provider network in order to access the highest level of benefit.
Questions for Aetna? Call the concierge services line listed on the back of your card 1-855-586-6963.
Annual Enrollment will take place beginning Monday, November 9th and ending at midnight on Tuesday, November 24th. Between now and when annual enrollment begins we will have several opportunities for you to learn more about the medical options . Review the 2016 meeting schedule to see which meeting my best meet your needs.
You can review the schedule and signup for an individual counseling session to assist with choosing which medical plan is best for you (schedule coming soon)..
Medical Plan Summaries:
- Aetna PPO Plan Summary
- Aetna Whole Health (ACO) Plan Summary
- Aetna Whole Health Member brochure
- Aetna Consumer Choice (HSA) Plan Summary
- Side by side quick plan comparison
- Aetna Preventive Medicine List for the Aetna Consumer Choice (HSA) Plan
(paid at 100% – not subject to the deductible)
Other Aetna Medical Plan Information
- Whole Health Provider Summary
- Whole Health Full Provider Directory (pdf) most current listing is found online
- Whole Health Searchable Directory as of 11-13-15 (excel)
- Instructions on how to find if a doctor is in Aetna’s PPO/HSA or Whole Health (ACO) network
- Prescription Drug Listing (4-tier)
- Your personalized Aetna Navigator Account
- Aetna Required Information on your Medical Plan
- Aetna Concierge Service
- Aetna’s Mobile App
- Aetna’s Discount Program
A Health Savings Account, or HSA for short, is a tax advantaged account that both Bates and you can contribute to and it is owned by you. You can use funds from your HSA to pay for current medical expenses (including dental and vision) for yourself and your tax dependents or save for future healthcare expenses.
Unlike our current Healthcare Reimbursement Account any contributions remaining in your HSA roll over from year to year and the account is yours when you leave bates. Watch this short video for an introduction to an HSA.
Health Savings Accounts Reference Materials:
- Health Savings Account Quick Overview (1 Page)
- Health Savings Account Quick Reference Guide
- Payflex Flyer
- Health Savings Accounts Frequently Asked Questions (4 Pages)
- Health Savings Account Rules of the Road (18 pages)
- HSA Account Fee Schedule
- Health Savings Account Payroll Deduction Form
Once you feel you have enough funds in your Health Savings Account to cover your medical needs you can begin investing in Mutual Funds for longer term growth (minimum balance of $1,000 in your Health Savings Account is required before you can invest in Mutual funds). There is a $2.00 a month Investment Account Maintenance fee.
With an investment account you have:
- Access to a diversified group of mutual funds, each professionally managed by an investment adviser
- integration with Morningstar research data
- 403(b)-like investment capabilities with no transaction fees for trading
- Tax-free growth
Tour the “Financial Center” section of your Health Savings Account with PayFlex for more information.