401(K)

retirement savings account that lets you save and invest a piece of your paycheck on a pretax basis. You don’t pay taxes on your contributions or any investment earnings until you withdraw the money from your account.

ASSOCIATE CONTRIBUTION

The amount you pay for health insurance every month.

COINSURANCE

The percentage of the full cost of health care services that you must pay under the medical or dental plan after meeting the applicable deductible. For example, if you’re in the Premium Care Plan, you’ll pay co-insurance of 10 percent for hospital services and the Company will pay 90 percent coinsurance.

COPAY

A flat-dollar amount you pay for certain covered services in the Kaiser HMO medical plan or the VSP vision plan. For example, if you’re in the vision plan, you pay a $10 copay for an in-network eye exam.

DEDUCTIBLE

A yearly dollar amount that you must pay before the plan pays any benefits. For example, the Standard Care Plan has a $750 in-network deductible for individual coverage. Please note the deductibles on all of the Company’s medical plans now run on a plan year basis, from July 1 to June 30. All deductibles will reset on July 1.

DEPENDENT CARE FLEXIBLE SPENDING ACCOUNT (FSA)

The Dependent Care FSA, administered through BenefitWallet lets you set aside pretax dollars to pay for eligible day care expenses. Whether you have children under age 13, tax-dependent elderly parents or a disabled spouse/same-gender domestic partner who resides with you and requires care, this account assists with those eligible expenses.

EMPLOYER CONTRIBUTION

The amount the company pays for health benefits every month.

GENERIC MEDICATIONS

Contain the same active ingredients as brand-name drugs but cost less. Talk to your doctor about getting generics and making sure medications are on your plan’s formulary.

IN-NETWORK

A group of health care providers and facilities — including doctors, hospitals and labs — that contract with your medical plan to provide health services at negotiated discount rates. You’ll usually pay less when you use these in-network health care professionals.

OUT-OF-POCKET COSTS

This is your share of the cost of coverage. These costs typically include your contributions, deductible, copays and coinsurance (up to the out-of-pocket maximum).

OUT-OF-POCKET MAXIMUM

The maximum amount you’ll pay during the calendar year for eligible covered expenses. After reaching this maximum, the plan will pay any additional eligible expenses for the rest of the plan year. It’s important to note that certain expenses — such as expenses above reasonable and customary fees charged by out-of-network doctors — do not count toward the out-of-pocket maximum. Similar to the deductibles, the out-of-pocket maximum runs on a plan-year basis, from July 1 to June 30. The out-of-pocket maximum resets on July 1.

PRESCRIPTION FORMULARY

A list of prescription medications that are covered under your health plan. In most cases, only drugs on the formulary list will be covered. So, if you get a prescription for a medicine that isn’t on your plan’s formulary, you may have to pay the full cost. To pay less, ask your doctor about generic medication.

PREVENTIVE/PREVENTION VISITS

Take advantage of preventive care services to maintain your health and prevent disease. All WSI medical plans cover in-network preventive care services, such as annual checkups, immunizations and age-appropriate screenings, at 100 percent.