Medical Coverage Options for Ascent Employees
Minimum Essential Coverage Plan
Covers preventive and wellness -related tests and treatment. No out-of-network coverage.
Gold PPO Plan
A Gold plan type with lower deductibles but higher monthly premiums. With this plan, you pay more money each month but have a lower out-of-pocket cost for medical services and may be able to access a wider range of providers.
High Deductible Health Plan (HDHP)
A high deductible plan is a type of health insurance with higher deductibles but lower premiums. With a HDHP, you will pay less money each month for premiums, but you will pay more out- of-pocket for medical expense before your insurance begins to pay for care. An HSA plan can be useful when paired with a HDHP since these plans come with higher deductibles and out-of-pocket costs (See 2024 HSA Amount maximums).
Medical Coverage: Cigna Network
Administered by Vault Admin Services
Your primary medical network is Cigna. Your medical network is a group of health care providers that includes doctors, specialists, hospitals, surgical centers and other facilities. These health care providers provide services at a lower rate, which you will see reflected on your statements as a discount.
There may be times when you decide to visit a doctor who is out-of-network, and those costs are always higher. There are no discounts with these out-of-network services, and you will be responsible for paying the difference between the providers full charge and the amount your plan will pay. This is called balance billing.
Cigna provides a provider lookup tool: https://www.cigna.com/
Q. Is this Cigna insurance?
A. No, we utilize the Cigna network for the contracts with physicians and facilities to allow you to access its broad network.
Q. Will I get an insurance card?
A. Yes. You will receive an ID card with the Cigna logo on it signifying that you have access to the Cigna network.
