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Health Insurance Review

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Health Insurance Review

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    1. State of Florida Pre-tax Health Insurance Health Insurance Review

    2. Types of Health Insurance: PPO, administered by Blue Cross/Blue Shield of Florida HMO, administered by AvMed or United Healthcare (Central Florida area) Available options can be found online through UCF Human Resources. Plan Options: Standard Health Investor Health Plan, “HIP”

    5. Prescription Rates – PPO/HMO Standard Option

    6. Health Investor Health Plan (HIP) Choice of PPO or HMO Blue Cross, AvMed, United Healthcare Low Premiums High Deductibles Participation in a Health Savings Account (HSA) Employee assumes greater responsibility when health care is provided

    7. Premiums – PPO or HMO “HIP” Option Full time Employees

    8. Deductible Comparison Chart – Standard vs. “HIP”

    9. IMPORTANT! Under “HIP” plans, you are responsible for 100% of medical bills and prescription costs until annual deductible has been met.

    10. Determining your share…

    11. Health Savings Account (HSA) Designed to help individuals save for future qualified medical expenses on a tax-free basis UCF will contribute $41.66/mth for individual coverage and $83.33/mth for family coverage Employees have the option to contribute on a bi-weekly basis: Individual: Max $3,000/yr Family: Max $5,950/yr Function as tax-free savings accounts

    12. How HSAs Work: Funds are available up to the amount in your HSA at any given point in time You receive a debit card and convenience checks you can use to: Pay eligible healthcare expenses directly or reimburse yourself for eligible healthcare expenses Funds remaining in account at year-end roll over to future years Funds in account are portable Disclaimer: $3/mth maintenance fee (balance under $5,000)

    13. UCF Benefits Staff: Monday-Friday, 8am – 5pm Phone - 407.823.2771 Fax - 407.823-1095 Email - benefits@mail.ucf.edu http://hr.ucf.edu click “benefits” People First (Insurance Administrator): Monday-Friday, 8:00am – 6:00pm Service Center - 866.663.4735 Fax – 1-800-422-3128 https://peoplefirst.myflorida.com (userID & password required)

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