What’s New for 2008

11/01/2007

Introducing a new option: “Value PPO Plan”

ABX Air is pleased to announce the introduction of a new option called the Value PPO Plan. This option has lower employee contributions than the Enhanced PPO plan, along with lower deductibles and co-payments than the Health Savings Account PPO plan. The office visit and prescription drug co-payments are the same as the Enhanced PPO plan. This plan covers all the same medical services as the Enhanced PPO and HSA PPO plans; only the coverage payment levels are different. By offering a third choice, you can choose the plan that best fits your needs. Be sure to carefully review the Schedule of Benefits found on page 28 of the Open Enrollment Guide for details about this option. You can use the Comparison Tool, found on the ABX Benefits website to help you decide which option is best for you.

Enhanced PPO Plan Changes

Deductible Increasing

The in-network individual deductible is increasing from $150 to $300 and the in-network family deductible is increasing from $300 to $600. Once the deductible has been satisfied for the year, you do not have to pay again for the rest of the year.

Out-of-Pocket Maximum Increasing

The in-network individual out-of-pocket maximum is increasing from $1,000 to$1,500 and the in-network family out-of-pocket maximum is increasing from $2,000 to $3,000. Once the out-of-pocket has been satisfied for the year, eligible expenses are covered at 100%.

Stand Alone Dental and Vision Offered

Employees can now elect Dental and Vision benefits without electing an ABX Medical Plan. This may be a good choice for you if you have medical coverage elsewhere, such as through your spouse’s employer. If you elect this option, there will be a cost to you. You must elect the Dental and Vision benefit together.

Flexible Spending Account Limit Increased

The maximum amount you can contribute to the Medical Flexible Spending Account is increasing to $5,000 from $2,600. Be sure to review the section on How a Flexible Spending Account Can Help You Save Money on page 20 of the Open Enrollment Guide.

Health Savings Account Contribution limits increased

The maximum amount you can contribute to the Health Savings Account is increasing to $2,400 for individuals and $ 4,800 for families. The previous limits were $750 for individuals and $1,500 for families. This option is available only if you elect the Health Savings Account PPO Plan. Be sure to review the information about Health Saving Accounts on page 11 of the Open Enrollment Guide.

New Employee Contributions

The employee contributions are increasing for 2008: