Medical Overview

Medtronic is committed to providing health coverage that offers you choices. Depending on your location, and the needs of you and your family, you have the flexibility of choosing a plan that will best meet your needs. Medical plan options include:

  • Consumer Health Plan (CHP) with Health Savings Account (HSA)
  • PPO Plan

Preventive care is covered in-network at 100% for all plans, and all plans provide prescription drug coverage for both generic and brand name medications.

As a reminder, if your spouse* is enrolled in the Medtronic Medical Plan and they are eligible for employer coverage elsewhere, you will pay a $200 ($92.31 bi-weekly) monthly surcharge.

*Includes only domestic partners covered as of December 31, 2015.

For Minnesota, Florida, Colorado, California and Hawaii Residents

There are several additional plan options for employees in select locations. If you work in Colorado, Florida, or Minnesota, you are offered the Bind on-demand medical plan option. If you work in Minnesota, you can also choose the HealthPartners PPO Plan. Similarly, employees in California can choose the Kaiser HMO Plan. If you work in Hawaii, your only option is the Hawaii PPO Plan. Additional details on these plans are available in the Resources list to the left.

Consumer Health Plan (CHP) with Health Savings Account (HSA)

With the CHP, you’ll make the lowest contribution per paycheck, but will have a higher deductible than the PPO Plan. To help offset the high deductible, the plan comes with an HSA, which is an account that you can use to help pay for eligible out-of-pocket health care expenses. You have a choice of plan administrator: BlueCross BlueShield of Minnesota or UnitedHealthcare.

 CHP with HSA
Company-Provided Account Contribution*HSA Contribution:
  • $500/employee only
  • $750/EE+ spouse OR EE+ children
  • $1,250/family
Deductible
  • $1,500/employee only
  • $3,000/EE+ spouse OR EE+ children
  • $3,800/family
Out-of-Pocket Maximum (Includes Deductible)
  • $3,500/employee only
  • $7,000/EE+ spouse OR EE+ children
  • $9,000/family
Primary Care Provider Visit**20% coinsurance, after deductible
Specialist Visit**20% coinsurance, after deductible
Coinsurance**20%
Preventive Care
  • $0
  • 100% covered by Plan
Emergency Room20% coinsurance, after deductible
Online Care/Virtual Visit100% covered by Plan, after deductible
Medtronic Mounds View Clinic100% covered by Plan, after deductible

*If you are hired on or after July 1, Medtronic will contribute half of the annual HSA contribution. If you have a Change in Status during the year, you will not receive Company-provided HSA contributions.

**If you are enrolled in the CHP through UHC, you will pay 20% after deductible (Tier 1) and 40% after deductible (In-Network).

If you are enrolled in a Consumer Health Plan (CHP) through UnitedHealthcare (UHC), you will have access to a higher level of benefit when you visit a UHC designated Tier 1 Provider.

  • Tier 1 physicians, specialists, and facilities are evaluated by UHC based on their quality and cost-efficiency. Receiving care from a Tier 1 Provider may result in lower overall health costs for you and your family.
  • You will pay the lowest coinsurance when visiting a Tier 1 Provider from UHC’s network. If you choose an in-network doctor or facility who is not a Tier 1 Provider, your coinsurance and out-of-pocket costs will be higher. No benefits will be covered for out-of-network providers.
  • Follow the steps below to verify your doctor’s Tier 1 status:
    1. Visit myuhc.com
    2. Choose Find a Doctor and enter search criteria
    3. Look for the Tier 1 symbol next to the provider’s name to confirm their Tier 1 status.
PPO Plan

With the PPO Plan, you’ll contribute more out of your paycheck, but will have lower deductibles than the CHP. You also have the option of using a flexible spending account to help pay for eligible out-of-pocket medical expenses. The PPO Plan is administered by BlueCross BlueShield of Minnesota.

 PPO Plan
Company-Provided Account ContributionN/A
Deductible
  • $500/employee only
  • $1,000/family
Out-of-Pocket Maximum (Includes Deductible)
  • $3,500/employee only
  • $7,000/family
Primary Care Provider Visit$20 copay
Specialist Visit$40 copay
Coinsurance20%
Preventive Care
  • $0
  • 100% covered by Plan
Emergency Room$150 copay
Online Care/Virtual Visit100% covered by Plan, you pay nothing
Medtronic Mounds View Clinic100% covered by Plan, you pay nothing
BIND PLAN

FOR MINNESOTA, FLORIDA, AND COLORADO RESIDENTS

The Bind plan has a $0 deductible and copays apply for a Core set of services, including preventive and primary care, maternity care, prescription drug coverage, and emergency care. You have the flexibility to purchase Add-In coverage for certain planned procedures like knee replacement or back surgery. The Bind plan keeps 31 procedures out of its Core coverage to keep your paycheck contributions low, but you can add them at any time during the year, if you need them.

Bind also comes with a supportive customer service Help Team and online tools so you have instant answers about what’s covered, what everything costs, and how to find high-quality health providers.

How Bind Works

Core Coverage

Add-In Coverage
You have the option to buy Add-In coverage at any point during the year if you need a procedure outside your Core coverage. Use Add-Ins to cover 31 select plannable procedures including shoulder surgery, knee replacement, and bariactric surgery.

Medical Plan Comparison

Here is a comparison of the key features between the two primary medical options:

 CHP with HSAPPO Plan
Company-Provided Account ContributionHSA Contribution:
  • $500/employee only
  • $750/EE+ spouse OR
    EE+ children
  • $1,250/family
N/A
Deductible
  • $1,500/employee only
  • $3,000/EE+ spouse OR
    EE+ children
  • $3,800/family
  • $500/employee only
  • $1,000/family
Out-of-Pocket Maximum (Includes Deductible)
  • $3,500/employee only
  • $7,000/EE+ spouse OR
    EE+ children
  • $9,000/family
  • $3,500/employee only
  • $7,000/family
Primary Care Provider Visit**20% coinsurance, after deductible$20 copay
Specialist Visit**20% coinsurance, after deductible$40 copay
Coinsurance**20%20%
Preventive Care
  • $0
  • 100% covered by Plan
  • $0
  • 100% covered by Plan
Emergency Room20% coinsurance, after deductible$150 copay
Online Care/Virtual Visit100% covered by Plan, after deductible100% covered by Plan, you pay nothing
Medtronic Mounds View Clinic100% covered by Plan, after deductible100% covered by Plan, you pay nothing

*If you are hired on or after July 1, Medtronic will contribute half of the annual HSA contribution. If you have a Change in Status during the year, you will not receive Company-provided HSA contributions.

**If you are enrolled in the CHP through UHC, you will pay 20% after deductible (Tier 1) and 40% after deductible (In-Network).

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