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PIAM
offers group health and dental programs for physician practices and healthcare
organizations of all sizes. We also offer Medigap (Medicare Supplemental
Insurance) plans to physicians and their spouses who are over 65 years
old.
Group Health & Dental Insurance
POS, PPO and HMO prgrams are available through Blue Cross Blue Shield,
Harvard Pilgrim, Tufts and more. We also work with administrators
of
self-funded
medical and dental
programs.
Medicare Supplemental Insurance
PIAM offers Massachusetts physicians, and their
spouses, who are over 65 years old several Medigap plans to supplement
the benefits you receive from Medicare. We currently offer:
• Medex
and Blue Care 65 from Blue Cross Blue Shield
• First Seniority from Harvard Pilgrim Health Care
• Secure Horizons from Tufts Associated Health Plan
Plus, PIAM has partnered with Health Advocate, Inc., a leading independent
health advocacy and assistance company, to help MMS Medigap plan members
navigate cumbersome healthcare and insurance systems.
Medigap Plan Comparison (pdf)
Health Savings Accounts
HSAs are tax-preferred accounts that can be used to pay for medical expenses.
Created under Medicare Modernization Act, which took effect January 1, 2004,
HSAs combine a “high deductible” health plan with a tax-favorable
savings vehicle.
• HSAs must be linked to a qualified high deductible plan (minimum
$1,000 per individual; $2,000 per family)
• HSAs only include access to the amount actually funded (unlike Flexible
Savings Accounts (FSAs) and Health Reimbursement Arrangements (HRAs) where
the entire calendar year allotment is available as of January 1 each year)
• HSA deductible is applied to all services including surgery and medications
(no prescription drug, hospital or surgery riders allowed)
• Funds are required to be held in a trust
• “Use it or keep it” – unused portion carries over from
year to year
• Maximum contribution to Savings Account allowed:
- Individuals: lesser of annual deductible or $2,600
- Families: lesser of annual deductible or $5,150
-“catch up” contribution allowed for ages 55–64
For more information, please call us at (800) 429-6513.
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