Benefits for 2024
Benefits effective December 1, 2023 - November 30, 2024
Health insurance is crucial because it provides individuals with access to necessary medical care and financial protection against the high costs of healthcare. Without health insurance, people may forego essential medical services, leading to potential health risks and complications. Health insurance not only ensures timely diagnosis and treatment but also reduces the burden of medical expenses, preventing individuals and families from facing significant financial hardship due to unexpected healthcare costs. It promotes overall well-being and peace of mind, contributing to a healthier and more financially secure population.
ASNOA is proud to completely cover the cost of health insurance for all full-time staff.
|Plan||Ded (Ind, Fam)||Annual Max||Diag/Prev (In, Out)||Basic (In, Out)||Major (In, Out)||Ortho||Additional|
|Essential Choice Classic NV-C2 OON Reimbursement: Maximum Allowable Charge 3KZH||$50/$150||$1000||100% / 100%||80% / 80%||50% / 50%||N/A||Endo/Perio/Oral: No Waiting Period, Implants Covered|
|Plan||Plan Type||Exam Freq.||Lens Freq.||Frame Freq.||Exam Copay||Lens Copay||Frame Benefit||Contact Benefit|
|FS.B.10.10.130.130 4BAK||Full service||Once every calendar year||Once every calendar year||Once every other calendar year||$10||$10||$130||$130|
Long-term disability (LTD) insurance is a type of coverage that provides financial protection in the event you become unable to work for an extended period due to a disabling injury or illness. It's designed to replace a portion of your income during the time you are unable to work.
Income Replacement: LTD insurance ensures that you continue to receive a portion of your income if you are unable to work due to a covered disability. This financial support can help you maintain your standard of living and cover your ongoing expenses like mortgage or rent, groceries, and other bills.
Unpredictable Nature of Disabilities: Disabilities can happen to anyone at any time, and they can last for an extended period. LTD insurance ensures you are financially protected in such unforeseen circumstances.
It's important to carefully review the terms, conditions, and coverage options of an LTD policy before purchasing to ensure it aligns with your needs and expectations. Factors that can affect your LTD coverage include the definition of disability, waiting periods, benefit periods, your age and concerns, and the percentage of your income that is replaced. Additionally, the cost of premiums can vary based on the level of coverage and other factors. If you select this option with ASNOA, we will reach out and provide you a personalized quote.
A Flexible Spending Account (FSA) is a tax-advantaged financial account that allows you to set aside pre-tax money from your paycheck to cover qualified medical and dependent care expenses. Here are three reasons why you might want to consider having an FSA:
Tax Savings: Contributions to an FSA are made with pre-tax dollars, reducing your taxable income and, therefore, your overall tax liability. This can result in significant tax savings.
Cost Reduction: An FSA can help you save on out-of-pocket healthcare or dependent care expenses, such as medical bills, prescription drugs, childcare, and elder care. By using pre-tax dollars to cover these costs, you effectively reduce your overall expenses.
Budgeting and Convenience: FSAs provide a structured way to budget for anticipated medical and dependent care expenses. You can plan and set aside funds for these needs in advance, making it easier to manage your financial responsibilities and avoid unexpected financial stress.