Medical

Home Your Benefits Medical

We believe in helping you feel your best — at work and beyond. From the choice between two industry-leading medical plans through Anthem, to programs and resources designed with your wellbeing in mind, explore all the ways we’ve got you covered.

Ferrotec provides two medical plan options through Anthem. Both offer access to a vast nationwide network of health care providers with free in-network preventive care and comprehensive prescription drug coverage.

  • The PPO Copay Plan with HRA offers fixed copays for predictable out-of-pocket expenses. The PPO Copay plan is paired with a Health Reimbursement Arrangement (HRA) with automatic contributions by Ferrotec to help pay for qualified health care expenses.
  • The PPO HDHP Plan with HSA is a High-Deductible Health Plan (HDHP) that is paired with a Health Savings Account (HSA). This plan has higher out-of-pocket costs and you’ll pay the full negotiated rate until the deductible is met. It is paired with the tax-advantaged Health Savings Account (HSA) with contributions made by you and Ferrotec to help pay for eligible medical expenses now and in the future.

Did you know…

As an Anthem member, you have access to several wellbeing benefits including a fitness and weight loss reimbursement, telehealth services, and Sydney Health app. For more information on wellness programs, explore the Anthem Perks page.

Medical and Rx Plan Comparison

In-network care
PPO Copay Plan with HRA
PPO HDHP Plan with HSA
National PPO Network
Total Annual Deductible (DED)
$4,000 per person
$8,000 family max
$3,400 per person
$6,800 family max
The Company pays (HRA and HSA)
50% per claim up to $2,000 per person and $4,000 per family
Contributes to your HSA
$500 per person /
$1,000 per family
Out-of-pocket maximum
$4,500 per person

$9,000 family max
$4,500 per person

$9,000 family max
Pre-tax account availability
Health Care FSA
Limited Purpose FSA
Preventive care
100% covered
100% covered
Primary care visit
$20 copay
10% after deductible
Specialist visit
$50 copay
10% after deductible
Urgent care/Emergency room/Inpatient hospital care
10% after deductible
10% after deductible
In-network care
PPO Copay Plan with HRA
PPO HDHP Plan with HSA
(30 days retail / 90 days mail order)
Generic$10 copay / $20 copay$10 copay after DED /
$20 copay after DED
Preferred brand$30 copay / $60 copay$30 copay after DED /
$60 copay after DED
Non-preferred brand$60 copay / $120 copay$60 copay after DED /
$120 copay after DED
Out-of-pocket maximum$500 per person and
$1,000 per family		Combined with medical out-of-pocket maximum
Out-of-network care (Balance billing applies)
PPO Copay Plan with HRA
PPO HDHP Plan with HSA
Annual deductible$4,000 per person /
$8,000 per family		$3,300 per person /
$6,600 per family
Employee portion50% after deductible50% after deductible
Out-of-pocket maximum$9,000 per person /
$18,000 per family		$9,000 per person /
$18,000 per family
PPO Copay Plan with HRA
PPO HDHP Plan with HSA
Your bi-weekly cost for coverage (Per paycheck)
Employee only
$95.68
$72.14
Employee + Spouse
$212.31
$160.07
Employee + Child(ren)
$193.27
$145.71
Employee + Family
$290.87
$219.29