Insurance Basics
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 are preventive visits?
This is the 2021 maximum limit you can contribute to your HSA for Family. A) $6,100 B) $7,200 C) $6,550
What is B)$7,200
The number of medical plans offered through Ackermann Group.
What is 2 plans?
What year was Ackermann Group founded?
What is 1938?
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) $3,600
What is C) $3,600
The deductible for the PPO plan.
What is $2,500 for single and $5,000 for family?
The current owner of Ackermann Group?
Who is Dobbs Ackermann?
This is the date open enrollment closes and elections are due to Erin.
What is November 15th?
This is the type of insurance you want if your children under the age of 26 need their wisdom teeth removed.
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 $2,500/$5,000 deductible.
What is 20%?
The two previous owners of Ackermann Group.
Who are Rudolph and Tom Ackermann?
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 Ackermann Group.
What is portability?
The Out-of-Pocket Maximum for the HDHP with the 20% coinsurance.
What is $3,625/$7,350?
The year Dobbs Ackermann became owner.
What is 1997?
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)?
Ackermann Group is now offering 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 Ackermann Group.
What is $25,000?
"The guided principles of -------- Ackermann Group has developed multi-family residential, condominiums, office, retail and student housing."
What is the Urban Land Institute?