Page 8 - GXO 2022 OE Guide-Active

Four medical plans
Simple. Explore your options and decide for yourself. 1234
Basic HSA
The Basic HSA is a high deductible health plan with the lowest payroll contributions. You can put pre-tax dollars into a Health Savings Account (HSA) to offset your deductible or save it
for later. GXO does not put money into the Basic HSA.
HSA Plus
Like the Basic HSA, HSA Plus is a high deductible health plan with a
lower deductible and slightly higher payroll contributions. This plan also comes with an HSA, but the plus is that GXO contributes up to $1,000 and you can contribute as well.
Basic PPO
The Basic PPO is a traditional medical plan with a lower deductible and higher payroll contributions than a high deductible plan. You and the plan share costs until you meet your out-of- pocket maximum. But you always have a set copay for office visits.
Classic PPO
Like the Basic PPO, the Classic PPO is a traditional medical plan with the lowest deductible and
the highest payroll contributions — nearly double what you would pay for HSA Plus.
80%
of Americans are satisfied with their HSA plans, and 77% say their HSA helps manage health care costs.3
See page 21 for payroll contribution rates.
3 Society for Human Resource Management (SHRM), Mercado, Darla (CFP). (May 31, 2017) HSA Enrollment Rises but Misunderstanding Still Common. Retrieved from https://www.shrm.org/resourcesandtools/hr-topics/benefits/pages/hsa-enrollment-rises-as-employer-contributions-fall.aspx.
6 I Medical
Click to watch on
www.GXOBenefits.com
Not so high deductible
Choose what’s best for you