Cost of Coverage
You and JPMorgan Chase share the cost of coverage under each of the Medical Plan options. You pay for coverage through payroll contributions with before-tax dollars.
The amount you pay via payroll contributions depends on several factors:
- The Medical Plan option you choose (described under "Medical Plan Option");
- The number and type of eligible dependents you cover (described under "Eligible Dependents" in the Health Care Participation section;
- The level of your Total Annual Cash Compensation (see "Total Annual Cash Compensation");
- You and your covered spouse's/domestic partner's Initial Wellness Activities completion status;
- Your and/or your covered spouse's/domestic partner's tobacco user status (see "Tobacco User Status"), and
- Your regional cost category (geographic location) (see "Regional Cost Categories").
If you cover your children, you will be charged for up to a maximum of four children, regardless of how many additional children you choose to cover (you can cover all of your children, as long as they meet eligibility requirements).
The amount you pay does not differ depending on whether you choose Aetna or Cigna as your health care company.
You will have a higher cost for coverage if your Total Annual Cash Compensation (TACC) is higher, you elect Option 1, you cover more dependents, you and/or your covered spouse/domestic partner are a tobacco user, you and/or your covered spouse/domestic partner do not complete the Initial Wellness Activity and/or costs in your geographic area are higher than average.