MEDICAL PLANS
By providing a choice, you can select benefits to better meet your individual and family needs. Please review the choices and plan options within this benefit guide.
SIHO is Pleased to Offer Two Medical Plan Options:
PPO
$3,000/$6,000
This plan is the most comprehensive plan and offers coverage with the lowest co-pays, deductibles, coinsurance, and the lowest out-of-pocket annual maximum. It also requires the greatest amount of payroll deduction.
HDHP
$4,000/$8,000
When you enroll in the High Deductible Health Plan, you are eligible to establish a Health Savings Account through HealthEquity, Inc. The annual deductible applies to both medical and prescriptions drug expenses. For certain prescription drugs that are considered maintenance, the employee will pay a co-pay without having to first meet the annual deductible.
RATES SUMMARY
SCHEDULE OF BENEFITS
This section provides an overview of your employee benefit plan, including member responsibilities, coverage details, and co-insurance information. Review these benefits carefully to understand your costs and coverage.
