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NEW Health Plan Option in 2018
MIT High Deductible Health Plan (HDHP)
MIT will contribute to your HSA account in one lump sum, annually:
• $500 for an employee
• $1,000 for an employee + spouse or domestic partner (if a tax
dependent), employee + child(ren), or family
Want More Info?
Visit: hrweb.mit.edu/benefits
Reminder: 2018 Open Enrollment Period is
October 16 – October 27, 2017
HDHP and a Health Savings Account (HSA)How the MIT High Deductible Health Plan Works
Why MIT is adding a new health plan option
▪ Offers employees another option
▪ Provides a portable tax advantaged health savings account (HSA)
▪ Accommodates new employees who already have an HSA
The Details
Deductibles and Co-Insurance
• For an individual, the deductible will be $1,500
• For an employee + spouse or domestic partner/ employee + child(ren)/
family, the deductible will be $3,000
• Once you reach your deductible, you then pay 10% of the cost
of the service called “co-insurance”

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High Deductible Health Plan

  • 1. NEW Health Plan Option in 2018 MIT High Deductible Health Plan (HDHP) MIT will contribute to your HSA account in one lump sum, annually: • $500 for an employee • $1,000 for an employee + spouse or domestic partner (if a tax dependent), employee + child(ren), or family Want More Info? Visit: hrweb.mit.edu/benefits Reminder: 2018 Open Enrollment Period is October 16 – October 27, 2017 HDHP and a Health Savings Account (HSA)How the MIT High Deductible Health Plan Works Why MIT is adding a new health plan option ▪ Offers employees another option ▪ Provides a portable tax advantaged health savings account (HSA) ▪ Accommodates new employees who already have an HSA The Details Deductibles and Co-Insurance • For an individual, the deductible will be $1,500 • For an employee + spouse or domestic partner/ employee + child(ren)/ family, the deductible will be $3,000 • Once you reach your deductible, you then pay 10% of the cost of the service called “co-insurance”