THE LIVINGWELL CDHP PLAN
Pay lower premiums and receive money in an HRA to help reduce your deductible.
How the LivingWell CDHP works:
It’s the best value of the KEHP.
It is recommended for those who have a little or a lot of healthcare expenses.
All covered services, except for certain items like preventive care and a few specific prescriptions, are subject to the deductible.
Once you meet the deductible, the plan will pay 80% of covered expenses, and you will pay a 20% co-insurance.
Both your medical and prescription costs apply to the deductible and the maximum out-of-pocket.
Once your maximum out-of-pocket is met, your covered medical and pharmacy claims will be paid at 100%.
You will receive HRA funds through a HealthEquity debit VISA Healthcare Card
The card is pre-funded with $500 if you have single coverage or $1,000 if you have couple, parent-plus, or family coverage levels.
Use the HRA to help pay for your co-insurance, which reduces your deductible.
Use this card at your doctor’s office, hospital, or pharmacy. Simply swipe the card to help pay for your eligible expenses, which will be deducted from your card balance.
You can also use this card to pay for eligible vision and dental expenses. These expenses do not reduce your deductible.
Your HRA funds may roll over to a subsequent year, up to a maximum of $7,500.