Acronym Mania
A tax-deductible savings account used in conjunction with an HSA-qualified high-deductible health plan
What is an HSA?
What is Open Enrollment?
The medical plan that has the lowest deductible and has co pays when visiting your doctor.
What is the PPO Plan?
What is $5,000?
An IRS-approved, employer-funded, tax-advantaged health benefit used to reimburse employees for out-of-pocket medical expenses.
What is an HRA?
The team at the City of Marysville that will be available to answer benefit questions and where you should return your enrollment forms by the end of Open Enrollment.
What is Human Resources?
The medical plan that offers an EMPLOYER sponsored reimbursement for certain claims that are incurred during the year.
What is the HRA Plan?
The maximum amount you can contribute to a Medical FSA during 2019?
What is $2,700?
The time of year when your benefit plans renew in abbreviated form.
The start date of 2020 Open Enrollment
What is November 1st?
The medical plan that can be offered alongside an employer and/or employee sponsored savings account that can be used to pay for medical, dental and vision expenses.
What is the HSA Plan?
The maximum amount you and/or your employer can contribute to your HSA for 2019 if you are single and do not have tax dependents.
What is $3,500?
A special funding account through your employer that lets you pay for many out-of-pocket medical expenses with tax-free dollars. With this type of account, your dollars are "use it or lose it."
What is an FSA?
The close date of 2020 Open Enrollment.
What is November 15th?
The medical carrier and network that is used for City of Marysville's medical plans.
Who is Anthem BlueCross BlueShield?
The maximum amount you and/or your employer can contribute to your HSA if you are married or have tax dependent children?
What is $7,100?
A health insurance plan with lower premiums and higher deductibles than a traditional health plan. It is intended to incentivize consumer-driven healthcare.
What is an HDHP (High-Deductible Health Plan)?
The only time during the year that you can make changes to your benefits outside of Open Enrollment.
What is a Qualifying Life Event?
Services that are covered in full by your medical plan, such as a mammogram, colonoscopy, annual well visit and immunizations.
What is Preventive Care?
Being enrolled in this type of a medical plan makes you ineligible to contribute to a Health Savings Account (HSA).
What is a PPO or Copay Plan?