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Introducing a New High-Deductible Heath Care Plan for 2015

For 2015, Drexel will add a High-Deductible Health Plan (HDHP) option to its current offerings. A HDHP combines a qualified high-deductible health plan (e.g. a qualified PPO or HMO) and a tax-advantaged health savings account (HSA) that can be used for health services — including deductibles, co-pays or coinsurance — or saved for future medical expenses. A HDHP provides medical coverage and a tax-advantaged way to build funds to cover qualified medical expenses. HDHPs are structured around lower premiums up front.

High-Deductible Health Plan Facts:

  • All covered benefits (except preventive care) apply to the deductible, including prescription drugs.
  • One deductible and out-of-pocket maximum apply to family coverage — the entire family deductible must be met before benefits are paid.

Health Saving Account Facts:

  • Employee contributions reduce their taxable income.
  • Interest earned is tax-free when funds are spent on qualified medical expenses.
  • Qualified medical expenses reimbursed from the account are tax-free.

Want to know more? Learn about how certain health benefits work under an HDHP by attending an upcoming seminar:

10/21/2014: 1–2 p.m.; Liberty View, MacAlister Hall.                                                            10/22/2014: 1–2 p.m.; Sky View, MacAlister Hall.                                                                  10/23/2014: 2–3 p.m.; Room A-8, Queen Lane Campus
10/27/2014: 1:30–2:30 p.m.; DiPalma Conference Room: 610-1, New College Building,
                    Center City Campus                 
: 1–2 p.m.; Bird Classroom, Academy of Natural Sciences             

For questions or concerns about the High Deductible Health Plan,  please call Human Resources at 215-895-2850.