Things to Consider
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As you consider your health care options, be sure to keep these things in mind:
  • When you consider the cost of the various options, remember that the per-paycheck contribution amount is just one factor. Your deductible and coinsurance costs are also important considerations. Review the estimated costs you can expect to pay under each of the Health Plan options using the Examples.
  • If you or your family members need access to a doctor in the evening or on weekends, consider using LiveHealth Online which gives you live online access to a board certified network of doctors 24/7 for generally less money than the average doctor visit or trip to the emergency room. You can use your personal computer, tablet or mobile device to connect.
  • How do Assurant’s Health and Dental Plans compare with the plans available through your spouse’s/domestic partner’s employer? Remember that you may enroll in Assurant’s Health Plan without enrolling in the Dental Plan and vice versa.
  • Will you or anyone in your family require new prescription medications? Remember: prior-authorization by CVS Caremark may apply to certain medications.
  • Are you thinking of retiring within the next 12 months? If so, consider your options carefully as your elections may impact what you are eligible for in retirement. Review the Planning For Your Retirement Guide on the Resources page for details.
  • Tobacco users pay more per paycheck for Health Plan coverage. To be eligible for the credit, you must be tobacco-free for at least six months.
  • If you're covered under Assurant's Health Plan, you can receive certain smoking cessation medications covered at 100% of the cost. Refer to the Preventive Drug List
  • If you elect the BLUE Plan option and wish to contribute to the Health Care FSA, think about what you and your eligible family members’ estimated out-of-pocket health expenses will be for next year. Remember to include your deductible and coinsurance expenses for non-preventive office visits and non-generic, non-preventive prescription drugs, as well as any estimated dental expenses not covered by a dental plan. Also be sure to consider that your HRA will pay first, then the Health Care FSA.
  • If you elect either the GREEN or ORANGE Plan option, you qualify for a Limited Purpose Health Care FSA. Your Limited Purpose Health Care FSA can only cover eligible dental, LASIK surgery and vision hardware expenses. (Remember that these expenses, as well as all other eligible health care expenses, may be covered by your HSA.)
  • Consider any contributions your spouse may be making to an FSA before making your election. The IRS limits the amount an individual may contribute to an FSA. For 2020, the annual limit is $2,700.
  • Carefully consider the amount that you elect to contribute to a Health Care FSA, as any money left over at the end of the year will be forfeited.
  • Typically, the Dependent Day Care FSA is used to reimburse day care expenses for children age 12 and younger that are necessary while you are working. You can also use this account to reimburse day care expenses for other dependents such as disabled children over age 12, spouses, parents, or grandparents, who cannot care for themselves, and who can be claimed as your dependents for federal income tax purposes. Your dependent must live in your home at least 8 hours a day.
  • The IRS limits annual contributions for married individuals who file separate tax returns to $2,500. You may contribute up to $5,000 annually if you are married and file a joint tax return.
  • If you and your spouse both work, you must coordinate your dependent day care enrollments so that together, you stay within the $5,000 annual maximum.
  • In certain circumstances, based on your income, it may be more advantageous for you to take advantage of the federal dependent income tax credit. Under IRS law, you can either use a Dependent Care FSA or take the Dependent Care Tax Credit, but not both.
  • Stay in-network when you need care. When you visit doctors and facilities that are in your provider network, it costs you less. Network providers have negotiated rates with Anthem Blue Cross and Blue Shield and you receive a higher coverage level from the Health Plan, which saves you even more money.
  • Choose a generic instead of a brand-name medication. See how much you could save by comparing prices for medications on caremark.com or anthem.com.
  • To help you pay for any deductibles and other out-of-pocket expenses, consider contributing to the Health Savings Account on a pre-tax basis. This saves you money, and any unused funds at the end of the year will roll over and be available for use in the following year.
  • Think about using a Health Care Flexible Spending Account (or an HSA and a Limited Purpose Health Care FSA) as another tax-advantaged way to pay for your out-of-pocket expenses. Be sure to plan carefully when using an FSA, as any money remaining at the end of the year will be forfeited.
  • Use Anthem's Care & Cost Finder, a confidential and personalized health care transparency tool, for help finding cost-effective, convenient, quality care based on your location and your health plan. You can quickly and easily compare the cost and quality ratings of medical services, facilities and prescription medications among participating providers and pharmacies.
  • For non-life-threatening conditions, when you can’t get in to see your doctor, use an urgent care center, a local medical clinic, or LiveHealth Online instead of going to the emergency room. Visit Anthem's Care & Cost Finder tool to find (and save to your account or the mobile app) in-network urgent care centers in your area.
  • If you’re taking a maintenance medication, the mail-order service or visiting a retail CVS pharmacy can save you money (90-day supply for the price of a 60-day supply).
  • In addition to the Basic Life and Basic AD&D coverage provided by Assurant, how much Life Insurance do you need for yourself and your dependents? Keep in mind, Assurant pays the full cost of Basic Life and Basic AD&D Insurance.
  • Are you a tobacco user? Maybe now is the time to quit for good; in addition to the Health Plan, tobacco users pay higher rates for Supplemental Life Insurance.
  • Does your spouse/domestic partner work? How much Dependent Life Insurance do you need to replace their income?
  • Pay only for services you receive. Review and keep records of your EOBs and payments you make.
  • Before a doctor visit, write down your questions or concerns. During the visit, ask your doctor or a nurse to write down any special care instructions you’ve been asked to follow.
  • Developing a relationship with a primary care provider can help you navigate through your health care decisions.
  • Your doctors and providers should be talking to each other and coordinating your care. Ask your doctor to contact your other providers/specialists to make sure they are all aware of your current health status, medications and procedures. This will help to avoid being prescribed medications that may have a negative effect on a medication you are already taking or any duplication of tests or procedures.