2004
Medical Premium Rates
As
a result of the weighted increase in medical premiums, IU contributions
for medical coverage will increase by 2.26 percent. IU contributions
for dental coverage will increase by 7.5 percent.
Employee contributions equal the difference between the total premium
for the respective plan and IU contributions. IU contributions are
the same across all medical plans, with a minimum employee contribution
of $1 per month.
| |
Total
Monthly Premium |
%
of Change1 |
Employee
Contribution2 |
Difference
2003-20043 |
| IU
PPO Plus
|
| Employee
Only |
$366.56 |
3.6% |
$69.25 |
$6.00 |
| Employee/Child(ren) |
$726.08 |
3.6% |
$208.74 |
$13.46 |
| Employee/Spouse |
$889.30 |
3.6% |
$260.77 |
$16.60 |
| Family |
$1,009.76 |
3.6% |
$334.07 |
$19.69 |
| IU
PPO $900 Deductible
|
| Employee
Only |
$259.04 |
-1.0% |
$1.00 |
$0.00 |
| Employee/Child(ren) |
$516.70 |
-1.0% |
$1.00 |
-$15.17 |
| Employee/Spouse |
$631.66 |
-1.0% |
$3.13 |
-$20.46 |
| Family |
$717.34 |
-1.0% |
$41.65 |
-$22.40 |
| M-Plan
HMO
|
| Employee
Only |
$309.63 |
17.3% |
$12.32 |
$11.32 |
| Employee/Child(ren) |
$561.60 |
4.8% |
$44.26 |
$14.36 |
| Employee/Spouse |
$687.40 |
5.3% |
$58.87 |
$20.56 |
| Family |
$780.24 |
5.5% |
$104.55 |
$25.81 |
| Blue
Preferred Primary POS
|
| Employee
Only |
$282.86 |
3.3% |
$1.00 |
$0.00 |
| Employee/Child(ren) |
$560.31 |
3.3% |
$42.97 |
$6.63 |
| Employee/Spouse |
$686.27 |
3.3% |
$57.74 |
$8.23 |
| Family |
$779.22 |
3.3% |
$103.53 |
$10.18 |
1Represents
the increase of total premiums from 2003 total premiums.
2
Employee contributions are lower for nonexempt staff employees with
an annual salary of less than $23, 465.
3
Represents the change in employee contribution from 2003.
More details
of employee contribution amounts, including dental coverage and
additional IU subsidy for lower salaries, will be included with
Open Enrollment materials.
Next Article: Investment Fund Performance
|