Health Plan Options
Medical Plan Options
Fortive offers two types of health plans each with two levels of cost and coverage options to support different individual needs. Below is a high-level overview and comparison.
PPO 500 & PPO 1000
Both Preferred Provider Organization (PPO) plans have higher per-paycheck contribution than the Health Savings Account (HSA) plans, but with lower deductibles that can minimize unexpected out of-pocket costs.
Both offer in and out-of-network benefits and the same network of providers as the HSA plans.
Both provide the same comprehensive coverage as the HSA plans, including behavioral health care and pharmacy benefits. But make sure to compare carefully since some coverage levels differ.
HSA 1600 & HSA 3000
The HSA plans are Consumer-Directed Health Plans (or High-Deductible Health Plans).
They come with a Health Savings Account, a personal savings account that helps you pay for your health care expenses—through retirement.
They offer lower per-paycheck deductions than the PPO Plans, but potentially higher out-of-pocket costs for services.
Both offer in and out-of-network benefits and provide the same comprehensive coverage as the PPO plans. But make sure to compare carefully since some coverage levels differ.
Medical plan comparison
Medical Plan | PPO 500 | PPO 1000 | HSA 1600 | HSA 3000 |
|---|---|---|---|---|
Deductible (Individual/Family) | $500/1,000* | $1,000/$2,000* | $1,600/$3,200** | $3,000/$6,000** |
Employer HSA Contribution (Individual/Family) | N/A | N/A | $575/$1,150 | N/A |
Out-of-Pocket Maximum (Individual/Family) | $3,000/$6,000 | $5,000/$10,000 | $3,200/$6,400 | $5,000/$10,000 |
Preventive Care | In-Network providers covered at 100% | In-Network providers covered at 100% | In-Network providers covered at 100% | In-Network providers covered at 100% |
Coinsurance (The amount you play for covered services after the deductible is met) | 15% | 20% | 20% | 30% |
Office Visit (Primary Care/ Specialist) | $20/$40 deductible waived | $30/$60 deductible waived | 20% | 30% |
Telemedicine | $0 deductible waived | $0 deductible waived | $0 | $0 |
Urgent Care | $50 deductible waived | $75 deductible waived | 20% | 30% |
Emergency Room | $100 | $150 | 20% | 30% |
Alternative Care (chiro/Acupuncture) | $20 deductible waived 30 visits per year | $30 deductible waived 30 visits per year | 20% 30 visits per year | 30% 30 visits per year |
* With the PPO plans, once one family member meets the individual deductible, the plan starts to pay benefits for that individual.
** With the HSA plans, the entire family deductible needs to be met before the plan pays benefits.
Pharmacy
Pharmacy | PPO 500 | PPO 1000 | HSA 1600 | HSA 3000 |
|---|---|---|---|---|
Retail Generic Rx | $10 | $10 | 20% after deductible is met | 30% after deductible is met |
Retail Brand Preferred Rx | 15% ($25 min, $50 max) | 20% ($50 min, $100 max) | 20% after deductible is met | 30% after deductible is met |
Retail Brand Non-Preferred RX | 35% ($40 min, $100 max) | 35% ($80 min, $200 max) | 20% after deductible is met | 30% after deductible is met |
Specialty Rx | Same as other drugs | Same as other drugs | 20% after deductible is met | 30% after deductible is met |
Health Savings Account
Fortive offers Health Savings Account, is a personal savings account that helps you pay for your health care expenses—through retirement. This account is offered when either the HSA 1600 or HSA 3000 plans is elected.
When you are enrolled in the HSA 1600 plan you are eligible to receive an annual employer contribution into your Health Savings Account up to $575 for employee only or $1150 for employee + dependent coverages.
Flexible Spending Accounts
Fortive offers its employees the option to enroll in flexible spending account to assist with health related or dependent care expenses.
Dependent Care Flexible Spending Account
Fortive offers a Dependent Care Flexible Spending Account to employees. A Dependent Care Flexible Spending Account, or “FSA” is a pre-tax benefit account used to pay for dependent care services while you are at work. The money you contribute to a Dependent Care FSA is not subject to payroll taxes, so you end up paying less in taxes and taking home more of your paycheck. Under this account a “dependent” is a child under 13 years of age and adult dependents who can’t take care of themselves. Remember, any money contributed will need to be used within the plan year.
Health Care Flexible Spending Account
A Health Care Flexible spending account is offered to employees to help cover out of pocket expenses such as physician co-pays, prescriptions, dental procedures, or vision care. If you enroll in one of the HSA eligible medical plans with Fortive you can still enroll in the Health Care Flexible Spending account, however you will only be eligible to use the money that is contributed in for dental and vision expenses. Remember, any money contributed will need to be used within the plan year. The money you contribute to a Health Care FSA is not subject to payroll taxes, so you end up paying less in taxes and taking home more of your paycheck.
Note: You will have a 2.5-month grace period to spend any remaining FSA funds, ending March 15 of the following year. Following that, you will have 90 days to submit receipts for expenses incurred.
*Funds contributed to the Health Savings Account (HSA) do rollover year over year.
Dental
Fortive dental is provided through Cigna Dental.
Dental plan comparison
Dental Plan | Premium | Basic |
|---|---|---|
Deductible (Individual/Family) | $25/75 | $50/150 |
Annual Maximum (excludes orthodontia) | $2,500 (4 cleanings per year) | $1,500 (2 cleanings per year) |
Basic Services | 90% | 80% |
Major Services | 60% | 50% |
Orthodontia | 50% (up to $2,500 max) | Not covered |
Vision
Fortive vision is provided through VSP.
Vision plan comparison
Vision Plan | VSP Premium | VSP Basic |
|---|---|---|
Exam | Covered at 100% (every 12 month) | $10 copay (every 12 months) |
Frames | $15 copay; $200 allowance (lenses: every 12 months; frames: every 12 months) | $50 copay; $130 allowance (lenses: every 12 months; frames: every 24 months) |
Contacts (instead of glasses) | $200 allowance (every 12 months) | $130 allowance (every 12 months) |
Upgrade options available at point-of-service | Member can elect one of the following: Upgrade to $250 - frame or contact lenses Upgrade to covered in full - progressive lenses. photochromic lenses or antireflective lenses | N/A |
Virtual Second Opinions with 2nd.MD
2nd.MD
With 2nd.MD, you have direct access to expert specialists across the country to provide you with educational information so you can feel confident about your medical treatment decisions. 2nd.MD’s Care Team will work with you to learn about your condition, answer questions, and connect you with the specialist best suited to your needs for a consultation via phone or video. Regence BlueShield provides access to 2nd.MD services at no additional cost to you and your dependents enrolled in the health plan.
ACCESS TO THE NATION’S LEADING MEDICAL EXPERTISE
2nd.MD provides convenient virtual access to experts from top national institutions who are leading the research, clinical trials, and next generation of health care. Whether it’s a new diagnosis, upcoming surgery, or questions about a chronic condition or pain, we help you on your healthcare journey.
Expert Medical Opinions
At 2nd.MD, we connect you with compassionate, skilled nurses and board-certified, leading doctors across the country for an expert medical consultation via phone or video.
2nd.MD expert specialists can help you:
Understand a new or chronic diagnosis and treatment options
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24/7 Telemedicine Support
Fortive also understands that there are never enough hours in the day—which is why, if you enroll in any of the medical plans, you’ll have access to a 24/7 medical service called Telemedicine. Telemedicine uses smartphone and computer video conferencing to connect you with doctors, whenever and wherever you are. This service also includes coverage for tele-behavioral health. Dial 911 if you have a medical emergency.
Disability Benefits
Short Term Disability
Short-term disability insurance is offered to all Fortive employees. Fortive pays 100% of an employee's salary for the first six weeks of short-term disability and 75% thereafter. Short-term disability starts after a 7-day waiting period.
Long Term Disability
Fortive will provide all employees with a Company-Paid Long-Term Disability insurance. Employees are covered up to 50% of annual pay up to a maximum benefit of $4,166/month. Employees will be automatically enrolled in this plan. You will also have the option to purchase additional LTD coverage (60% to a monthly maximum of $25,000).
Plan provisions may vary by operating company. Please check with your local HR department for confirmation of benefits.
