Your hiking gear is loaded in the RV and you're ready to go. It's time for a scenic drive to the HSA Trails, where you can begin a hike and view some of the key features of the CDHP with HSA.
Choosing a medical plan option can be like choosing an RV for your road trip. The most expensive one isn't always the best. The key is to pick a vehicle that matches your family's needs. With the highest paycheck cost, the CDHP Blue with HSA may seem like the safer way to go. But the CDHP Green option might actually be better for saving over the long haul. That’s especially true if you’re putting the paycheck cost difference into your HSA. That money is then yours to keep until you need it. See how the plans compare in this video.
Sound too good to be true? See for yourself with the Real-Life Examples.
Whether you choose the CDHP Blue or Green option,Kimberly-Clark (K-C) gets your health savings rolling by putting HSA dollars in your account at the beginning of the year*. You'll get $700 for Individual coverage or $1,400 if you cover yourself and other dependents. You can use your HSA dollars for care during the year or save it for future years, including retirement. You can also put your own money into the account tax free. So it's like a 401(k) plan for health care!
*If you are hired or join the plan after January 1, K-C's contribution will be prorated according to the number of full months you are enrolled. For example, Joe was a new hire whose coverage began March 1 at the individual coverage level. K-C contributed $584 to his HSA ($700/12 x 10 months, rounded up the next dollar).
With the HSA On Demand, you can take money out of your account before you put it in. Basically, it's an advance on your future HSA contributions. This feature offers you peace of mind, because even if you have a big medical expense early in the year, all of the funds you planned to contribute will be available to you when you need them.
Unlike a Flexible Spending Account (FSA) where you may lose any money you don't use, your HSA balance is always yours. Plus, you take your HSA with you when you leave the Company or retire.
Let’s hit the trails and get a bird’s eye view of how the CDHP Blue and Green options compare.
This site is provided to help Kimberly-Clark (K-C) employees better understand their benefit plans. It does not guarantee coverage under a plan and does not provide complete descriptions of K-C benefit plans. K-C reserves the right to change these plans at any time. In all cases, the formal Plan Documents will govern.
If you are an organized hourly employee covered by these plans, see your HR representative or other person designated at your unit for information on how your plan(s) may differ from the information on this site. You may also call the Benefits Center at 800-551-2333 (U.S. & Canada) or 718-354-1340 (outside of U.S. & Canada) Monday through Friday, 9 a.m. to 5 p.m. Eastern time.