Which Medical Plan Option Is Right for You?

2020 Plan Year Information

Which Medical Plan Option Might Be Right for You

While there is no exact formula to selecting the best Medical Plan option for your needs, consider these factors.

Option AOption BOption C
Health care needs

You’re a high user of health care services, you have a chronic condition or special needs or take high-cost prescription drugs. Or, you anticipate major medical needs in 2020, such as surgery.

You use a moderate amount of health care services throughout the year, such as a few doctor visits and/or moderate prescriptions.

You’re a low user of health care and don’t anticipate needing significant care beyond preventive services in 2020.

Costs

You prefer to pay more in paycheck contributions and less when you actually need care. You also prefer having separate medical and prescription drug deductibles, and individual and family deductibles.

You prefer to pay less in paycheck contributions, but also worry about Option C’s potentially higher out-of-pocket costs. You also prefer having separate medical and prescription drug deductibles, and individual and family deductibles.

You prefer to pay less in paycheck contributions and more when you actually need care. You’re comfortable with combined medical and prescription drug deductibles, and the true family deductible.

Preferences

You’re comfortable paying more for coverage you may not use. Or, you plan to use one or more out-of-network providers.

You anticipate some minor services for 2020, but do not expect any significant health care needs.

You’re comfortable taking a more active role in your care, such as researching costs before receiving care.

Tax savings and investment options

You’re comfortable with the Health Care FSA and are not looking for additional tax savings or investment options.

You’re comfortable with the Health Care FSA and are not looking for additional tax savings or investment options.

You have enough cash on hand to cover the full out-of-pocket maximum, in case of a high-cost injury or illness.

You’re looking for new ways to save money for the short or long term (including retirement) or to invest and want to take advantage of the tax benefits of the HSA.

Need help understanding which Medical Plan option is right for you?

Contact a Benefits Advocate. And no matter which option you select, take advantage of the My Health suite of programs to ensure you get the right care, at the right time, at the right price.