When you make a purchase, you decide how you want to pay. Would you rather pay cash now, or use credit and pay later?
It’s the same idea with the exchange. You get to decide if you’d rather pay now or pay later.
How much you pay out of your paycheck is one thing. You also have to consider what you’ll pay throughout the year when you need care.
How much you’ll pay for medical coverage depends on:
The Amount of Your credit From Equitable
Your company may provide a credit to use toward the cost of coverage. If eligible, you'll see a credit amount from the Company within your pricing options for coverage when you enroll.
The Coverage Level You Choose
Bronze and Bronze Plus coverage levels may cost less per paycheck, but you will pay a higher deductible before your coverage starts paying for your health care expenses.
Silver, Gold, and Platinum coverage levels may cost more per paycheck, but you’ll probably pay less out of pocket for services throughout the year.
Learn more about coverage levels.
The Insurance Carrier You Choose
When you log on to Your Total Rewards at http://digital.alight.com/equitable/, you will be able to view which insurance carrier offers the lowest paycheck amount for each coverage level. For example, if you know you want a Silver option, you will be able to see the corresponding cost each insurance carrier charges for that level of coverage. Learn more about insurance carriers here.
Important: Choose an insurance carrier whose network includes providers critical to your care. If you see an out-of-network provider, your medical insurance carrier could pay a much lower benefit—leaving you to pay the rest.
Your Dependents
You can enroll any combination of you, your
eligible
spouse/eligible domestic partner, and eligible children in the option you choose.