Medical Overview

Stimson offers a high-deductible medical plan that includes a tax-advantaged Health Savings Account (HSA). The plan is administered by Aetna.

How It Works

The Stimson medical plan is a high-deductible plan administered by Aetna. You can use any provider you want, but you’ll pay less when you use in-network providers. The plan features an HSA which allows you to set aside money on a pre-tax basis to pay for eligible expenses now or in the future.

For most services, including prescription drugs, you need to meet an annual deductible. After that, you pay a percentage of the actual charges (also known as coinsurance) until the out-of-pocket maximum is met. Preventive care from an in-network provider is covered 100% with no deductible. Take a quick look at other covered medical services under the plan.

Health Savings Account (HSA)

The HSA is separate from the medical plan but the two work together. Stimson makes contributions to your HSA to help offset the medical plan deductible, which is like getting free money.

Annual contribution. At the beginning of year, Stimson contributes from $750 to $2,000 to your HSA, based on your pay and the medical plan coverage level you elect.

Additional Stimson contribution. You and your spouse can earn up to an additional $750 for your HSA if you participate in the Stimson wellness program—for a total contribution up to $1,500.

Employee contribution. You can contribute to your HSA on a pre-tax basis up to IRS limits. The advantage of an HSA is the tax savings. Your dollars go into the account tax free, grow tax free and can be used tax-free for eligible medical expenses.

Learn more about the Health Savings Account.

Eligibility

All regular full-time employees are eligible to enroll in medical coverage. You can also cover your eligible dependents. Coverage begins on the first day of the month following your date of hire.

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In-Network Providers

A group of providers, such as hospitals and physicians, who have agreed to charge negotiated rates for most of the services they provide. You will save money if you visit an in-network provider.

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Annual Deductible

The amount of eligible expenses you pay out-of-pocket each year before the plan begins to contribute to your health care expenses.

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Eligible Dependents

Eligible dependents include your spouse/domestic partner, as defined by state law, your biological and stepchildren up to age 26 (unless disabled and approved to be covered on the plan as an adult dependent), and your legally adopted children and children placed with you in the process of adoption.

Aetna Concierge

If you’re enrolled in the Stimson medical plan, you can call an Aetna concierge for personal health care assistance at 855-586-6961. For details or to learn about other resources available, go to Health Care Support.