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 Rich’s
All eligible associates will receive a credit to use toward the cost of coverage.
If you enroll in a Bronze and Bronze Plus coverage level and don’t use the full credit, the unused dollars will be deposited into your HSA.
You'll see the credit amount from Rich’s and your price options for coverage when you enroll.
The Coverage Level You Choose
The Bronze and Bronze Plus coverage levels cost
less per paycheck, but you will pay a higher deductible before your coverage kicks in.
The Silver, Gold, and Platinum coverage levels 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
You can see which insurance carrier offers the lowest paycheck amount for each coverage level. For example, if you know you want a Silver option, you can look to see how much each insurance carrier would charge you for it. Learn more about insurance carriers.
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.
You can enroll any combination of you, your eligible spouse/domestic partner, and your children in the option you choose.