When you make a purchase, you decide how you want to pay. Would you rather pay cash now, or use credit and pay later?
It’s the same idea with the exchange. You get to decide if you’d rather pay now or pay later.
How much you pay out of your paycheck is one thing. You also have to consider what you’ll pay throughout the year when you need care.
How much you’ll pay for medical coverage depends on:
The Amount of Your subsidy From Kennametal
All eligible employees will receive a subsidy to use toward the cost of coverage.
You'll see the subsidy amount from Kennametal and your price options for coverage when you enroll.
Tobacco Surcharge
As an organization, Kennametal is committed to providing a safe and healthy workplace. We recognize that while use of tobacco products, including cigarettes or other types of smokeless tobacco, is a personal choice, there is also a direct impact on health care coverage and cost as an organization. As a result, Kennametal has implemented a tobacco surcharge for eligible members enrolled in the medical coverage. You will be asked to identify your tobacco status as part of the enrollment process. Tobacco use includes the use of cigarettes, cigars, chewing tobacco, electronic cigarettes, pipe tobacco, snuff, and any other product made with or derived from tobacco that is intended for human consumption.
You will have the ability to have the surcharged removed if you enroll into a tobacco cessation program through your medical carrier. You can reach out to the carriers directly for additional details regarding the program offered.
The Coverage Level You Choose
The Bronze, Bronze Plus, and Silver coverage levels cost
less per paycheck, but you will pay a higher deductible before your coverage kicks in.
The Gold coverage level costs more per paycheck, but you'll probably pay less out of pocket for services throughout the year.
Learn more about coverage levels.
The Insurance Carrier You Choose
You can see which insurance carrier offers the lowest paycheck amount for each coverage level. For example, if you know you want a Silver option, you can look to see how much each insurance carrier would charge you for it. Learn more about insurance carriers.
Important: Choose an insurance carrier whose network includes providers critical to your care. If you see an out-of-network provider, your medical insurance carrier could pay a much lower benefit—leaving you to pay the rest.
Your Dependents
You can enroll any combination of you, your eligible spouse, and your children in the option you choose.