Insurance Initialisms
The time of year when your benefit plans renew in abbreviated form.
What is OE (Open Enrollment)?
Services that are covered in full by your medical plan, such as a mammogram, colonoscopy, annual well visit and immunizations.
What is preventive visits?
This is the 2020 maximum limit you can contribute to your HSA for Family. A) $6,100 B) $7,100 C) $6,550
What is B)$7,100
The number of medical plans offered through AE Door & Window.
What is 3 plans?
The name of Humana's Wellness Program
What is Go365?
Without one of these major life changes, you cannot make any changes to your elections outside of Open Enrollment.
What is a QE (Qualifying Event)?
This is a traditional copay plan that offers copays for the most common medical services without meeting your deductible first.
What is a PPO (Preferred Provider Organization)?
This is the 2020 maximum limit you can contribute to your HSA for a single. A) $2,500 B) $3,000 C) $3,550
What is C) $3,550
The deductible for the PPO plan.
What is $2,000 for single and $4,000 for family?
The level each employee starts off in.
What is Blue?
This is the date open enrollment closes and elections are due to Lori.
What is March 20th?
This is the type of insurance you want if your children under the age of 19 need braces.
What is Dental Insurance?
Can you be on the PPO plan and contribute into an HSA?
What is no?
The Coinsurance amount for the HDHP with the $5,000/$10,000 deductible.
What is 20%?
The premium reductions for reaching silver, gold, and platinum.
What is 7% for silver and 15% for gold/platinum?
This is a tax-advantaged plan that allows you to deposit pre-tax dollars into a bank account to use for qualified medical, dental and vision expenses.
What is an HSA (Health Savings Account)?
If you are having trouble reading the signs on the highway you may need to use this type of insurance to have an eye exam.
What is Vision insurance?
This feature of an HSA means that you can take your HSA account with you if you leave AE Door & Window.
What is portability?
The Out-of-Pocket Maximum for the HDHP with the 0% coinsurance.
What is $3,000/$6,000?
The 3 Ways to get to Bronze.
What is a health assessment, biometric screening, or logging a verified workout?
This is the only type of medical plan that can be paired with an HSA or Health Savings Account.
What is an HDHP (High Deductible Health Plan)?
AE Door & Window is offering you the opportunity to purchase this type of coverage for yourself as paycheck insurance if you are insured or ill.
What is Short-Term disability?
At this age, you can use the funds in your Health Savings Account for any purpose without a 20% penalty. You will have to pay income taxes if you spend it on non-medical expenses, though.
What is 65?
The benefit amount for your Basic Life Benefit provided by AE Door and Window.
What is $25,000?
This is what you can get in the Go365 Mall.
What are gift cards, charitable donations, and fitness gear?