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Health Insurance

Health Insurance Plans

STMA's health insurance plans are provided by BlueCross BlueShield of MN under their Aware Network. Employees can choose between four different high-deductible plans. Deductibles accumulate on the calendar year, with a 4th quarter carryover for VEBA, HSA, and Hybrid plans (not eligible for MVP plans). 

To compare plan options, please review the one-page comparison document or review additional details for individual plans below.  

VEBA Plan

  • $1,850 individual/$3,700 family deductible
  • Combined with a VEBA (health reimbursement arrangement)
  • VEBA is an employer-funded account that can be used for out-of-pocket costs 

Access the Summary of Benefits & Coverage for additional coverage details.

 

HSA Plan

  • $4,000 individual/$8,000 family high-deductible
  • Combined with a Health Savings Account (HSA)
  • Both the employee and employer can contribute to the HSA (up to IRS maximum) 
  • HSA dollars can be used for out-of-pocket costs

Access the Summary of Benefits & Coverage for additional coverage details.

 

Hybrid Plan

  • $4,000 individual/$8,000 family high-deductible
  • Plan allows for VEBA and HSA combination
  • VEBA is an employer-funded account that can be used for out-of-pocket costs
  • HSA allows for both employee and employer contributions (up to IRS maximum)  

Access the Summary of Benefits & Coverage for additional coverage details.

 

MVP Plan

  • $6,350 individual/$12,700 family deductible
  • Combined with a Health Savings Account (HSA)
  • Both the employee and the employer can contribute to the HSA (up to IRS maximum)
  • HSA dollars can be used for out-of-pocket costs

Access the Summary of Benefits & Coverage for additional coverage details.

 

Resources with BCBS