health accounts

Depending on the plan you choose, all of Chevron’s medical plans offer access to one of two tax-advantaged accounts, either the Health Care Flexible Spending Account (Health FSA) or a health savings account (HSA). The premise of these accounts is simple. You contribute money, and later you can use the money in your account to help pay for certain out-of-pocket health care costs.

• To use an HSA: You must be enrolled in the Chevron High Deductible Health Plan (HDHP) or the High Deductible Health Plan Basic (HDHP Basic)

• To use a Health FSA: You can be enrolled in the Chevron Medical PPO, a Medical HMO, Global Choice Plan, or you can waive Chevron coverage.

This communication provides only certain highlights about benefit provisions. It is not intended to be a complete explanation. If there are any discrepancies between this communication and the legal plan documents, the legal plan documents will prevail to the extent permitted by law. Oral statements about plan benefits are not binding on Chevron or the applicable plan. Chevron Corporation reserves all rights, for any reason and at any time, to amend, change or terminate these plans or to change or eliminate the company contribution toward the cost of such plans. Such amendments, changes, terminations or eliminations may be applicable without regard to whether someone previously terminated employment with Chevron or previously was subject to a grandfathering provision. Unless required by applicable law, there are no vested rights with respect to any Chevron health and welfare plan benefit or to any company contributions towards the cost of such health and welfare plan benefits. Some benefit plans and policies described in this document may be subject to collective bargaining and, therefore, may not apply to union-represented employees.