MEDICAL PLAN – CIGNA Choice Fund Open Access Plus HSA
Have carrier or provider access questions for medical coverage enrollment? Please call 1-888-806-5042.
Allianz Trade offers one medical plan through Cigna. In-network benefits under this plan provide medical coverage with a plan year deductible of $1,650 for individual coverage and $3,300 for all other coverage levels. After the deductible is met, expenses are generally covered at 90%. Visits to a primary care physician or specialist require no co-pay, however may be subject to deductible and/ or coinsurance. Preventative care is covered at 100%. When accessing care out-of- network, physician and specialist visits are covered at 70% after the plan year deductible of $3,000 for individuals and $6,000 for all other coverage levels.
MDLIVE Virtual Medical and Behavioral Care
Life is demanding. It’s hard to find time to take care of yourself and your family members as it is, never mind when one of you isn’t feeling well. That’s why your health plan through Cigna includes access to virtual medical and behavioral care. Whether it’s late at night and your doctor or therapist isn’t available or you just don’t have the time or energy to leave the house, you can:
- Access care from anywhere via video or phone.
- Get minor medical virtual care 24/7/365 – even on weekends and holidays.
- Schedule a behavioral/mental health virtual care appointment online in minutes.
- Connect with quality board-certified doctors and pediatricians as well as licensed counselors and psychiatrists.
- Have a prescription sent directly to your local pharmacy, if appropriate.
THE HEALTH SAVINGS ACCOUNT (HSA)
The HSA can help you prepare for future healthcare costs. It is similar to a 401(k) in that pre-tax contributions reduce your taxable income. Also like the 401(k), the account is portable – it is yours if you leave the company or switch to another medical plan. The total annual contribution to the HSA is limited to $4,300 for individuals ($825 company contributions plus your optional pretax contribution up to $3,475) and $8,550 for families ($1,650 company contribution plus your optional pre-tax contribution up to $6,925). If you are over 55, you can contribute an additional $1,000 annually. 401(k) contributions are taxed when you withdraw them, but HSA contributions are tax-free when used for qualified medical expenses. You may only spend the HSA funds that are available in your account. On January 15, 2025, the company will deposit $225 into the HSA of anyone who has individual coverage and $450 into the HSA of anyone who is covering a dependent on the health plan. Throughout the year, individuals will be funded $25 and associates with dependent coverage will be funded $50 per pay which will be deposited into your HSA.
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