Glossary

Annualized Base Salary

For full-time associates, it's how much money you make in a year. For part-time associates, annualized salary is calculated by multiplying hourly rate of pay by 1,950 (based on a full-time work week of 37.5 hours per week).

Co-insurance

The percentage of the cost you’re responsible for paying, usually after the deductible has been met.

Copay

The amount you pay for a covered health care service, usually paid at the time you receive the service. For some services, you must satisfy a deductible first.

Deductible

The amount you pay for health care services before your plan helps cover eligible expenses.

Dependent Care FSA

You can contribute to this account on a pre-tax basis. The account can be used to pay for eligible dependent care services, such as preschool, summer day camp, before or after school programs, and child or adult daycare. This account doesn’t roll over each year, and any unused money will be forfeited.

Flexible Spending Account (FSA)

This is a temporary savings account that only you contribute to via paycheck. Different FSA accounts can be applied to different health care expenses. At the end of the year, any unused money is forfeited.

Health Reimbursement Arrangement (HRA)

Blue Cross contributes to this account at the beginning of the plan year. You can use these funds to pay for anything medical- or prescription drug-related to your health plan. You can’t contribute to it, and at the end of the year, any unused money is forfeited.

Health Savings Account (HSA)

A tax-free account that can be funded by both you and Blue Cross. Use this account for any eligible medical expenses now or in the future. Any unused funds roll over year-to-year and are yours, even if you leave Blue Cross.

Limited Purpose FSA

You can contribute to this account on a pre-tax basis and can use the funds to pay for eligible dental and vision expenses. This account doesn't roll over each year, and any unused money will be forfeited.

Out-of-Pocket Maximum

The most you’ll pay for covered services. Once you reach this maximum, your plan pays 100% of your remaining costs for the year.

Provider

A doctor, specialist, physician's assistant, or nurse practitioner.