Health Savings Plan

The Health Savings Plan, administered by Anthem Blue Cross (Anthem), is a PPO plan with a high deductible that is paired with a tax-advantaged health savings account (HSA). The Health Savings Plan takes care of you today and offers you the unique advantage of helping you save for your future.

  • You get coverage for in- and out-of-network health care with the Health Savings Plan.
  • You pay a lower amount every paycheck, compared to the other plans, but are responsible for more of the initial costs for care during the year—so you never pay for insurance that you don’t need.
  • In addition to lower paycheck contributions, the HSP also offers an HSA that allows you to make your health dollars go further through tax savings, interest and investment earnings. More importantly, NetApp automatically contributes $800 (individual)/$1,600 (family) to your account!
  • Add it up—NetApp’s HSA contribution, along with the dollars you save because of the HSP’s lower paycheck contributions, are more than enough to help you pay the deductible.

The Health Savings Plan already is NetApp’s most affordable medical plan option with the lowest per-paycheck contributions. When you add in NetApp’s HSA contribution, you save even more.

How the Health Savings Plan Works

Getting Care

  • Preventive care services are free for you and your family members when you visit in-network providers. Preventive care includes annual check-ups, immunizations, age-appropriate screenings and preventive prescription drugs.
  • You can see any provider—but will pay less when you stay in-network. Visit www.anthem.com to search for a network provider.

Paying for Care

  • You pay for all your non-preventive medical and prescription drug costs until you meet your deductible. Once you meet the deductible, you and the plan share costs through coinsurance, up to the out-of-pocket maximum.
    • You do not pay copays for services or prescriptions with this plan—instead, you pay the full cost of that service until you meet your deductible. You can use NetApp’s HSA contribution to cover initial expenses, or pay them and save your HSA funds for the future.
    • If you’re covering more than one person, you’ll need to meet the family deductible.
    • Remember, you can use the HSA contribution from NetApp to help you meet these costs.

Click here to see how you can cover medical expenses at the start of the year »

  • After you meet your deductible, you and the plan share in costs for both medical and prescription drugs through coinsurance. You’ll always pay less for care when you see in-network providers.
  • Anthem LiveHealth Online is a convenient, affordable way to be treated for minor conditions such as the flu, rashes and allergies. Board certified doctors are available in about 10 minutes 24/7 via your smartphone, tablet or computer with webcam—for only $49. Psychological appointments are available as well; costs vary by duration of the appointment. Go to www.livehealthonline.com for more details.
  • You’re protected against really large bills. Once your expenses total the out-of-pocket maximum, the plan pays 100% of the costs until the end of the calendar year—with the exception of:
    • Non-eligible expenses
    • Costs above the allowed amount for non-network providers.

Your Health Savings Account (HSA)

This plan qualifies you to have an HSA, a tax-advantaged account that you can use to pay for medical expenses now (e.g., deductibles and coinsurance) or in the future (e.g., retiree medical expenses).

When you enroll in the Health Savings Plan in 2018, NetApp will make a one-time contribution of $800 (individual)/$1,600 (family) to your HSA.

  • The lump-sum amount is deposited into your HSA in 1-2 pay cycles after you enroll.
  • If you are hired after June 30, NetApp will contribute $400 for individual coverage ($800 if you cover dependents). 

You can also contribute to your HSA for 2018. The IRS maximum contribution limit is increasing to $3,450 (individual)//$6,900 (family).

  • Note: Your paycheck contributions accumulate over the course of the year, and you have access to only the amount that has been funded to your HSA (unlike a flexible spending account, which allows you to spend your annual election amount before the contributions have accumulated). 

Learn more about the health savings account (HSA).

See the plan details for 2017 [PDF].

See the plan details for 2018 [PDF].

Did you know?

The money NetApp gives you can be used to cover much of your annual deductible for the Health Savings Plan. So, what you pay after NetApp’s contribution makes the Health Savings Plan deductible comparable to the Traditional Plan deductible—at a lower biweekly paycheck contribution.

Meeting the Deductible

The HSP has a higher deductible, but that doesn’t mean you pay more over the course of the year.

Consider:  

1. Lower paycheck contributions—You pay less per pay period for the Health Savings Plan than you do for other plans, including the Traditional Plan. Why not use the savings to make pre-tax contributions to your HSA?

For example, in 2018, if you elect the HSA instead of the Traditional Plan and set aside your cost savings for each paycheck, you’ll accumulate a total of $780 (individual)/$2,600 (family)—enough to cover more than half of your deductible.

2. The power of saving through the HSA—It comes with dollars from NetApp, and also offers you triple tax advantages.

  • NetApp contributes $800 (individual)/$1,600 (family) to your HSA—enough to cover a significant portion of your deductible. If you use these funds towards your deductible, you will only have $600 remaining to meet the $1,400 individual deductible, which is the same amount as the Traditional Plan deductible (but you pay much less in paycheck contributions for the HSP).
  • You can contribute pre-tax dollars to your HSA—and use it to offset your deductible, or even save for the future. The lump-sum amount—$800 for individual, $1,600 if you cover dependents—will be deposited into your HSA when you join the company by June 30. If you are hired after June 30, you will receive $400 for individual coverage and $800 if you cover dependents.

3. Add it up—NetApp’s HSA contribution, along with the dollars you save because of the HSP’s lower paycheck contributions, are more than enough to help you pay the deductible. So, what you pay makes the Health Savings Plan deductible comparable to the Traditional Plan deductible—at a lower biweekly paycheck contribution.

Don’t forget! If you don’t use the money you’re saving in your HSA for your deductible or other eligible expenses, it will roll over to the next year and earn tax-free interest. Your HSA balance is always yours to keep even if you change medical plans, retire or leave NetApp.

Out-of-pocket maximum: What it is and how it works

The out-of-pocket maximum is the most you’ll pay in a calendar year for eligible plan expenses before the plan pays 100%.

Services that are excluded or amounts above reasonable and customary (i.e., the "allowed amount") for out-of-network services do not count toward the out-of-pocket maximum.

Amounts you pay toward the deductible and coinsurance count toward the out-of-pocket maximum.