2024 Benefit Information: High Deductible Health Plan
2024 Benefit Information: High Deductible Health Plan
During Open Enrollment, if you did not make changes, you were automatically re-enrolled in the High Deductible Health Plan (HDHP) at your current coverage level (for example, employee only). If you disenrolled yourself from coverage, your enrolled dependents are also no longer covered under the HDHP.
Important Highlights About Your 2024 Benefits
- No premium increases for the 6th year in a row with no increase in deductibles!
- The formulary (drug list), which determines what medications are covered and what tier they fall under, changes on a quarterly basis, so there is a possibility that you will have changes in your prescription coverage in 2024. Please refer to your Benefits Booklet for complete coverage details.
- Preferred and non-preferred insulin continues to be $0 for a 30-day supply!
- Preventive Services remain free!
- You will not receive a new ID card unless you change your plans. You will continue to use your 2023 ID card in 2024.
Pharmacy Resources
CVS Caremark is the State Health Plan’s Pharmacy Benefit Manager.
The State Health Plan utilizes a custom, closed formulary (drug list). The formulary indicates which drugs are excluded from the formulary and not covered by the Plan. All other drugs that are on the formulary are grouped into tiers. Your medication’s tier determines your portion of the drug cost.
These documents and tools include information based on the 2023 formulary and are subject to change prior to January 1, 2024.