PPO Savings Plan

For those employees who are making payroll contributions to the Health Savings Account - your contributions will be available for use and in your HSA account within 5 business days of the actual pay date. For example, if the pay date is a Friday, then the HSA funds will be in your account by the following Friday.

The maximum annual Penn State HSA contribution per family is $800 combined. If you elect family coverage with the PPO Savings Plan (high-deductible) and have received an $800 contribution towards your HSA in any given year, should your spouse become an employee of the University during the same calendar year, they will not be eligible for any additional Penn State contribution to their HSA.

Overview

The PPO Savings Plan is an account-based health plan that has a lower payroll contribution and a higher deductible than the PPO Blue Plan. With the PPO Savings Plan, your low contributions ensure that you have the protection of comprehensive benefits, but you’ll pay more out of your pocket if and when you use medical services. The PPO Savings Plan covers in-network preventive care at 100% with no deductible or coinsurance. The plan also features a Health Savings Account (HSA) that allows you to contribute tax-free money to pay for current and/or future health care expenses.

With the PPO Savings Plan, all of your medical services, including prescription drug costs, count toward your medical deductible and your out-of-pocket maximum amounts. That means you’ll pay Highmark’s discounted price for all of your services until you meet the deductible.

With the PPO Savings Plan, there’s generally no payment due at the time of service; however, you will receive a bill from your provider. You can pay out of your pocket or use money from your HSA to pay for expenses until you meet your deductible. Then the plan begins to share in the costs by paying 90% while you pay coinsurance of 10%, until you meet your out-of-pocket maximum. When you reach the out-of-pocket maximum, the plan pays 100% of your eligible medical expenses.  Please note that for the PPO Savings plan, the FAMILY deductible applies when there is more than one person covered on the plan.  The ENTIRE family deductible must be satisfied, by one or any combinations of the family members, BEFORE the plan begins to pay claims at 90%.  The INDIVIDUAL deductible applies only when there is ONE person covered on the plan. 

Keep in mind, until the applicable deductible is met, you will pay 100% of the Highmark-discounted amount, both for medical and pharmacy services. If you have any questions about the plan, please contact Highmark Blue Shield directly at 800-914-4384.

Who can enroll in the PPO Savings Plan with the Health Savings Account (HSA)?

All full-time, benefits-eligible employees are eligible, however, the EMPLOYEE:

  • CANNOT be enrolled in Medicare or be collecting Social Security benefits; we recommend that you consult with your financial advisor regarding implications of dis-enrolling from Medicare in order to be eligible for the HSA, as you will not be able to collect Social Security benefits unless you are enrolled in Medicare.  IF you dis-enroll from Medicare, then you are able to contribute to the HSA. 
  • CANNOT be enrolled in another health plan
  • CANNOT have a balance in a HEALTH CARE Flexible Spending Account
  • CANNOT have a J1 Visa - J1 Visa holders are eligible for the PPO Blue plan only

Premiums

If your base salary is higher than $140K, your contribution will be determined based on $140K, as this is the maximum salary level for the 2015 and 2016 contribution calculation.

2016 PPO Savings Plan (Faculty & Staff)
Plan Type $30,000 $40,000 $50,000 $60,000 $75,000 $85,000 $100,000 $140,000
Individual
(0.52% of Salary)
$12.94 $17.25 $21.56 $25.87 $32.34 $36.66 $43.12 $60.37
2 Person
(1.25% of Salary)
$31.31 $41.75 $52.18 $62.62 $78.27 $88.71 $104.36 $146.11
Parent/Child(ren)
(1.16% of Salary)
$28.98 $38.64 $48.30 $57.96 $72.45 $82.11 $96.60 $135.24
Family
(1.60% of Salary)
$40.11 $53.47 $66.84 $80.21 $100.27 $113.63 $133.69 $187.16

Teamsters Bi-Weekly Premiums

2016 PPO Savings Plan (Teamsters)
Plan Type $25,000 $30,000 $35,000 $40,000 $45,000 $50,000 $60,000
Individual
(1.04% of Salary)
$10.00 $12.00 $14.00 $16.00 $18.00 $20.00 $24.00
2 Person
(1.81% of Salary)
$17.40 $20.88 $24.37 $27.85 $31.33 $34.81 $41.77
Parent/Child(ren)
(1.71% of Salary)
$16.44 $19.73 $23.02 $26.31 $29.60 $32.88 $39.46
Family
(2.17% of Salary)
$20.87 $25.04 $29.21 $33.38 $37.56 $41.73 $50.08

Additional Resources