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The Medical Plans
There are four medical plans: Basic, Comprehensive, Health Reimbursement Arrangement (HRA), and the Health Savings Account(HSA).
These plans offer you a variety of costs and coverage levels to meet your needs.
- Each is a PPO (preferred provider organization).
- You can use in-network or out-of-network providers, but you'll pay less using an in-network doctor.
- All of the plans provide free routine in-network preventive care.
- There are no exclusions for pre-existing conditions (illnesses or injuries that occurred before you were covered by the plan).
To help make your decision, consider:
- how much the plan costs you out of your pay (your pre-tax contribution)
- the costs you'll pay before the plan starts paying (deductible)
- the amount you'll pay when you use your benefits (coinsurance)
- the most you'll pay in one year if you have serious medical expenses (out-of-pocket maximum)
NOTE: Alcoa's medical plans do not include annual or lifetime maximums, meaning that you never have to worry about a catastrophic illness or injury terminating your coverage.
However, your paycheck contribution and costs if you use the plan are only part of the picture. You should also ask yourself:
- How is my health? What about the health of my covered dependents?
- Are any of us likely to be hospitalized next year?
- Am I paying for more coverage than I need?
- What were my medical bills this year? Are they likely to change next year?
- Which coverage would make me feel most secure financially?
Take time to read about all of your choices, so that you can pick the plan that is right for you.
Basic
Comprehensive
Health Reimbursement Arrangement (HRA)
Health Savings Account (HSA)
Compare the Plans
Using Your Medical Benefits
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