Medical
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Medical Options
Network Features | HDHP Base | HDHP |
---|---|---|
Annual deductible | $3,000 You Only coverage $6,000 Other coverage levels |
$1,600 You Only coverage $3,200 Other coverage levels |
Annual out-of-pocket maximum | $6,000 You Only coverage $12,0001 Other coverage levels |
$4,000 You Only coverage $8,000 Other coverage levels |
Medical and Rx combine to meet out-of-pocket max; includes deductible (100% coverage thereafter) |
||
Health Savings Account (HSA) | ||
Company contribution | $0 | $600 You Only $1,000 Other coverage levels |
Employee maximum contribution | $4,150 You Only coverage $8,300 Other coverage levels |
$3,550 You Only coverage $7,300 Other coverage levels |
Total annual contribution | $4,150 You Only coverage $8,300 Other coverage levels Note: If you are age 55 or older, you can make an additional contribution of $1,000 |
|
Medical Services | ||
Preventive care | 100% covered | 100% covered |
Medical Services | 20% coinsurance after deductible | 20% coinsurance after deductible |
Prescription Drugs | ||
Generic preventive prescription drugs | 20% coinsurance after deductible | 100% covered |
Other prescription drugs | 20% coinsurance after deductible | 20% coinsurance after deductible |
Changes for 2024 are shown in bold.
1 No more than $9,450 for any one person.
2024 Monthly Employee Cost with All Health IncentivesϮ
You Only | You + Child | You + Spouse |
YOu + Children | You + Family |
|
---|---|---|---|---|---|
Medical | |||||
HDHP Base | $0 | $24 | $35 | $43 | $62 |
HDHP | $55 | $83 | $129 | $120 | $190 |
ϮMedical costs reflect earning all Health Incentives: $20.84 for Healthy Weight, $20.84 for Blood Pressure, $20.84 for Cholesterol, $12.50 for Mental Wellbeing and $12.50 for Tobacco Free.
2024 Monthly Employee Cost without All Health Incentives
You Only | You + Child | You + Spouse |
YOu + Children | You + Family* |
|
---|---|---|---|---|---|
Medical | |||||
HDHP Base | $87.50 | $111.50 | $122.50 | $130.50 | $149.50 |
HDHP | $142.50 | $170.50 | $216.50 | $207.50 | $277.50 |
Medical Benefits Highlights
Legally Required Documents & Disclaimer
These comparisons provide an overview of certain terms and conditions of health and welfare benefits and are for information purposes only. Benefits and eligibility for coverage are determined under the specific provisions of the official plan documents and any underlying insurance contracts. If there is any discrepancy or conflict between these highlights and the terms of the official plan documents and any underlying insurance contracts, as applicable, the official plan documents and insurance contracts, as applicable, will control. ConocoPhillips reserves the right to amend, change or terminate the health and welfare benefit plans, any underlying insurance contracts or any other programs, at any time without notice, at its sole discretion, according to the terms of the applicable plans, programs or any underlying insurance contracts.
Summary of Benefits and Coverage
As a result of new federal regulations, health insurance issuers and group health plans are now required to provide participants with a summary about the benefits and coverage offered under health plans. This standardized document is called a Summary of Benefits and Coverage (SBC). The document highlights each medical option’s key provisions, limitations and exclusions, and is issued in a standardized format to better promote comparability between health plan options.
Summary of Benefits and Coverage (SBC) – Active and COBRA Participants
2024
- High Deductible Health Plan (HDHP) Medical Option – You Only Coverage
- High Deductible Health Plan (HDHP) Medical Option – You+ Coverage
- High Deductible Health Plan (HDHP) Base Medical Option – You Only Coverage
- High Deductible Health Plan (HDHP) Base Medical Option – You+ Coverage