Learn about your benefits

Medical Plan Options

American Museum of Natural History is pleased to provide you with a choice of several different types of medical plans. These plans differ in how much you pay out of your paycheck versus how much you pay at the doctor and how much freedom you have in choosing a doctor. Watch this video to learn more about the difference between HMO, PPO and HDHP plans.

 

HMOs, PPOs and HDHPs

Medical plans differ in how much you pay out of your paycheck versus how much you pay at the doctor and how much freedom you have in choosing a doctor.

How Health Plans Work

Benefits terminology and insurance concepts can be really confusing. It’s important to understand commonly used terms like coinsurance, in-and-out-of-network, premiums, deductibles, copays and out-of-pocket maximums so that you know what to expect when you seek medical care. Watch these videos to learn more.

 

What is
Coinsurance?

Coinsurance is the percentage of medical expenses shared by you and your insurance company after you have reached your deductible.

 

What is
In- and Out-of-Network?

In-network health care providers have agreements with your insurance carrier and will typically offer services at a set rate. Out-of-network providers do not.

 

Premiums, Deductibles, Copays
and Out-of-Pocket Maximums

These terms describe how much you pay out of your paycheck, how much you or your insurance pays for doctor visits and the maximum you will pay per year.

Pre-Tax Accounts

American Museum of Natural History is pleased to provide you with the option to contribute to a Health Flexible Spending Account, a Dependent Care Flexible Spending Account and/or a Health Savings Account. Unlike an FSA, an HSA earns interest and is yours to keep if you leave your employer. HSA dollars don’t expire each year, like an FSA, but can be carried over year after year…forever. You can only have an HSA if you are enrolled in a High Deductible Health Plan, or HDHP. Watch these videos to learn more.

 

Everything you need to
know about Health FSAs

A Health Flexible Spending Account (FSA) is a pre-tax savings account that can be used for out-of-pocket healthcare expenses, such as medications and copayments.

 

Everything you need to
know about Dependent Care FSAs

A Dependent Care Flexible Spending Account (FSA) is a pre-tax account that can be used for day care, elder care, and even care for dependents with disabilities.

 

Everything you need to
know about HSAs

A Health Savings Account – or HSA – is a savings account used to put pre-tax dollars aside specifically for your out-of-pocket health expenses.