If you choose the Blue Care Elect Saver – Choice plan for 2020, Blue Cross will contribute to a Health Savings Account (HSA) on your behalf. The amount of that contribution depends on your salary and whether you’re covering dependents. |
The tool will assume you receive each covered person receives only in-network preventive care — no treatment for illness or injuries — in 2020. |
The tool will assume that you receive each covered person receives this in-network care in 2020:
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The tool will assume that you receive this in-network care in 2020: The tool will assume that at least one covered person receives this in-network care in 2020:
And all others have one annual physical and relevant screenings, 2 doctor’s visits for illness or injury, and 4 Tier 1 (generic) prescriptions for short-term use. And the other person you cover receives an annual physical and relevant screenings; 2 doctor’s visits for illness or injury; and 4 Tier 1 (generic prescriptions) for short-term use |
Minor procedures can include outpatient procedures. |
Remember, you pay for medical plan coverage with pre-tax dollars.
You can use pre-tax dollars to pay for care, too, if you elect to contribute
to a Flexible Spending Account (FSA) or choose the Blue Care Elect Saver – CHOICE
medical plan, which allows you to open and contribute
to a Health Savings Account (HSA).
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You can contribute to a tax-advantaged Health Savings Account (HSA) if you choose the Blue Care Elect Saver – CHOICE plan with HSA. You can use the money in your HSA to pay for eligible medical expenses now or in the future — even in retirement. |
The Blue Care Elect Saver – CHOICE with HSA plan comes with a tax-advantaged HSA that helps you pay for eligible medical expenses. Blue Cross contributes $750$1,500$1,125$2,250 to the account, and you can make pre-tax contributions, too — up to $2,800$5,600$2,425$4,850 in 2020. You can use the money now or in the future — even in retirement. You own the account, and the balance will earn interest. Once your balance reaches $1,000, you can even invest your account. Think of it as one more tax-advantaged way to save for retirement. |
The Blue Care Elect Saver – CHOICE with HSA plan comes with a tax-advantaged HSA that helps you pay for eligible medical expenses. Blue Cross contributes $750$1,500$1,125$2,250 to the account, and you can make pre-tax contributions, too — up to $2,800$5,600$2,425$4,850 in 2020. You can use the money now or in the future — even in retirement. You own the account, and the balance will earn interest. Once your balance reaches $1,000, you can even invest your account. Think of it as one more tax-advantaged way to save for retirement. |
Remember: If you enroll in the Blue Care Elect Saver – CHOICE with HSA plan, Blue Cross contributes $750$1,500$1,125$2,250 to a tax-advantaged Health Savings Account (HSA) that you can use for eligible current or future expenses. The company contribution is a substantial portion of your annual deductible. |
This tool assumes you are covering yourself, your spouse/domestic partner and two children under age 26. |
Minor procedures can include outpatient procedures. |
If you enroll in the Health Plus Savings Plan (HPSP), Cisco contributes $500 $750 to a tax-advantaged Health Savings Account (HSA), an account that is yours to keep. In 2020, Cisco will add a one-time HSA incentive of $200 $300, for a total of $700$1,050. Earned health incentives also go into your HSA. If you earn the maximum $800 $1,200 you could use Cisco's money to pay for most of the HPSP deductible. |
A $2,000 $3,000 deductible might sound high, but Cisco gives you money to help offset that deductible when you elect the Health Plus Savings Plan. In 2020, you'll receive a total HSA deposit from Cisco of $700 $1,050. And you can earn up to $800$1,200$1,200 in health incentives, too. Use the money to pay for healthcare expenses now or in the future—it's yours to keep. You can also use the money you save on paycheck contributions to offset the deductible. |