Medical Insurance Rates
Health Plan premiums for the 2008 benefits year have been established.
Plan A ($500 deductible)
| Coverage | Total Premium | University Contribution | Subsidy | Employee Contribution |
|---|---|---|---|---|
| Employee Only | $392.47 | $392.47 | $0 | $0* |
| Employee & Spouse | $750.31 | $419.86 | $79.38 | $251.07 |
| Employee & Children | $644.58 | $419.86 | $55.95 | $168.77 |
| Family | $965.85 | $419.86 | $127.18 | $418.81 |
Plan B ($1,500 deductible)
| Coverage | Total Premium | University Contribution | Subsidy | Employee Contribution |
|---|---|---|---|---|
| Employee Only | $306.04 | $306.04 | $0 | $0** |
| Employee & Spouse | $586.63 | $419.86 | $62.24 | $104.53 |
| Employee & Children | $502.26 | $419.86 | $43.52 | $38.88 |
| Family | $753.85 | $419.86 | $99.22 | $234.77 |
*Employee retains a balance of $27.39 to use for qualifying dental and vision elections.
**Employee retains a balance of $113.82 to use for qualifying dental and vision elections.
The University will continue to subsidize dependent health premium costs for the 2008 calendar year at established amounts. This subsidy is reflected in the rates above.
Please note that these premiums are based on a 12-month pay schedule. Rates for employees paid over 9 months will be pro-rated accordingly.
Plan HSA 23 ($3,000 deductible)
| Coverage | Total Premium | University Contribution | Subsidy | Employee Contribution |
|---|---|---|---|---|
| Employee Only | $259.77 | $259.77 | $0 | $0 |
| Employee & Spouse | $496.61 | $419.86 | $0 | $76.75 |
| Employee & Children | $426.63 | $419.86 | $0 | $6.77 |
| Family | $639.28 | $419.86 | $0 | $219.42 |
This plan provides no subsidy for those selecting the Health Savings Account. However the University is providing the following amounts for 2008 into the employee’s HSA: $750 per year for Individual; and $1,500 per year for family coverage. The employee may also elect to place additional funds into the savings account.