BSA Medical Plans: Resources for Making an Informed Choice
In 2013, you will have access to a new medical plan known as the High-Deductible Health Plan with Health Savings Account (HSA). An HSA works with your health plan to help you plan, save, and pay for health care expenses.
An HSA medical plan is made up of two parts:
A High-Deductible Health Plan
To open and contribute to an HSA, you must also have what’s called a high-deductible health plan (HDHP). The HSA is designed to work with your BSA High Deductible Health Plan to protect you and your family and is similar to a traditional plan. You are responsible for paying your covered medical and prescription drug expenses up to the deductible, which is also the plan’s out-of-pocket maximum. Then the plan will pay 100 percent of all eligible health care expenses for the rest of the year. Preventive care is covered at 100 percent when in-network.
Health Savings Account
A Health Savings Account is a bank account that allows you to set aside tax-free dollars for medical expenses. Think of it as a personal bank account for your health care expenses. You can use the money in your HSA to pay for or reimburse yourself for eligible medical and pharmacy expenses today or any time in the future.
For more information on the HSA, click on the following links. (Please note: All of these documents will be added to the “Education” section of the BSA’s Scouting2Health site for ongoing reference.)