2020 Medical Benefits
2020 Medical Benefits
Embedded Files
We have some exciting new enhancements and changes coming to our Medical plans starting on January 1, 2020. We worked hard this year to bring forward better rates and stronger options for benefits eligible employees against the headwinds of rising healthcare costs.
Highlights:
Highlights:
On January 1, 2020 we will switch providers to Anthem Blue Cross Blue Shield, opening up an expansive network of providers and a thorough list of resources including easy to use apps.
You will see no premium rate increases for the Premier Medical Plan and a reduction in the premiums for the Value Medical Plan.
A new HSA Medical Plan will replace the Standard Medical Plan. Included within this plan is a Health Savings Account. This plan will aid you in saving for health-related expenses in a special tax-fee account. To kick start this savings account, JD Finish Line will provide $500 (single) and $1,000 (family) if you contribute to this account.
You will find some changes to medical deductibles, out of pocket maximums and coinsurance for each plan. Please review the Summary of Benefits for these details.
We will switch our RX provider to TrueScripts to proactively manage your prescription costs. This enhancement means free preventive medications for a complete list see the preventive medicine list.
ID Cards for Anthem and TrueScripts will be received by the end of December.
Anthem Blue Cross Blue Shield
Anthem Blue Cross Blue Shield
There are three medical plans to choose from:
Premier
Value
(New) HSA
If would like to learn more about each of these plans, a great place to start is to view the Summary of Benefits for each plan located below the premium rates table that has information on each of the benefit plans in detail.
The Premier and Value plans will continue to operate as they have in the past where you will have set co-pays for most medical services. See the Benefits Guide or the Summary of Benefits for full plan details.
In addition to the medical benefits, here are the other perks offered through Anthem:
Mobile app "Sydney" - everything you need to know in one place!
24/7 Nurseline
Future Moms (Healthy Pregnancy Program)
Telemedicine (FREE through Health Joy App)
ConditionCare
Discounts (Fitbit, Garmin, 23andMe, Pet Insurance)
Detailed information on each of these additional perks can be found in the Anthem Welcome Guide in Quick Links.
NEW - Health Savings Account (HSA)
NEW - Health Savings Account (HSA)
HSA Informational Video
HSA Informational Video
For the first time, Finish Line is offering an HSA Medical Plan. Included within this plan is a Health Savings Account (HSA).
The HSA will aid you in saving for health-related expenses in a special tax-fee account. To kick start this savings account, JD Finish Line will provide $500 (single) and $1,000 (family) if you contribute to this account (company contributions will be prorated based on when coverage starts).
Special Tax Fee Account: Triple-tax savings by contributing pre-tax from your paycheck, earning tax-free interest income, and tax-free withdrawals when used for IRS approved health care expenses.
Unlike a Healthcare FSA, 100% of an HSA is owned by you - no use it or lose it feature - 100% of the balance carries over. If you should ever leave Finish Line, HSA monies are yours to take with you. One important point with an HSA medical plan - there are no co-pays - so when you go to the doctor/hospital/urgent care/etc you will pay the negotiated rate for that service, which will be higher than the established co-pays on the other medical plans. For additional information, see the HSA video along with the HSA & ActWise Info Sheet for more information.
Please Note - If enrolled in the HSA medical plan, you are not eligible to participate in the Healthcare FSA (per IRS).
TrueScripts (RX)
TrueScripts (RX)
Beginning January 1, 2020 we are switching RX providers to TrueScripts. This enhancement means free preventive medications per the Preventive Drug List located in the quick links above.
HealthJoy
HealthJoy
Beginning January 6, 2020 those enrolled in any one of the medical plans will have access to HealthJoy, a benefits app that gives you a benefit wallet (all benefit cards under a single sign-on), access to free telemedicine services, real-time medical consulting via chat, provider recommendations, medical bill review and more. For more information reference the Benefits App Tab above.
Call the HR Helpdesk at 317-613-6890 or email hrhelpdesk@finishline.com for any additional questions!
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