2009 Medical Premium Rates (Monthly)
7.47 Percent Average Increase in Premiums
As a result of the increase in medical premiums, IU contributions for medical coverage will increase by up to 7.47 percent. IU contributions for dental coverage will increase by 3.6 percent.
Employee contributions equal the difference between the total premium for the respective plan and IU contributions, with a minimum employee contribution of $5 per month for employee-only coverage and $10 when family members are covered.
Total Monthly Premium |
% of Change(1) |
Employee Contribution(2) |
Difference 2008 to 2009(3) |
|
| IU PPO $900 Deductible | ||||
| Employee Only | $ 381.07 |
8.93% |
$5.00 |
$4.00 |
| Employee/Child(ren) | $ 760.11 |
8.93% |
$10.00 |
$9.00 |
| Employee/Spouse | $ 929.23 |
8.93% |
$10.00 |
$9.00 |
| Family | $1,055.28 |
8.93% |
$39.74 |
$15.92 |
| Blue Preferred Primary POS | ||||
| Employee Only | $ 396.39 |
6.16% |
$5.00 |
$4.00 |
| Employee/Child(ren) | $ 785.19 |
6.16% |
$10.00 |
-$6.13 |
| Employee/Spouse | $ 961.70 |
6.16% |
$17.04 |
-$9.86 |
| Family | $1,091.96 |
6.16% |
$76.42 |
-$7.23 |
| IU HDHP PPO & Medical Savings Plan | ||||
| Employee Only | $ 342.96 |
N/A |
$5.00 |
N/A |
| Employee/Child(ren) | $ 684.10 |
N/A |
$10.00 |
N/A |
| Employee/Spouse | $ 836.30 |
N/A |
$10.00 |
N/A |
| Family | $ 949.75 |
N/A |
$10.00 |
N/A |
|
||||
More details of employee contribution amounts, including dental coverage and additional IU subsidy for lower salaries, will be included with Open Enrollment materials.
Tax Saver Benefit (TSB) Plan
The TSB plan is designed to save tax dollars when a participant pays for IRS-eligible expenses. When salary contributions are made into one or both TSB expense reimbursement accounts, the contributions are not subject to federal, state, local, or FICA taxes. This results in substantial savings to the employee. Full-time employees may elect to participate in either or both of these accounts:
- Health Care Reimbursement Account - for health care expenses incurred by the employee or the employee’s eligible tax dependents (if expenses are not eligible for health plan reimbursement)
- Dependent Care Reimbursement Account - for child or elder day care (not health care) expenses that allow the employee to work
Important Information for IU HDHP PPO & Medical Savings Plan Participants
For those employees who enroll in both the IU HDHP PPO & Medical Savings Plan and a TSB health care reimbursement account, IRS regulations limit the types of claims that can be paid from the TSB account. Eligible reimbursements under this type of health care reimbursement only include:
- Dental and vision services; and
- Medical services received after the HDHP deductible is met.
IU HDHP PPO & Medical Savings Plan participants will need to adjust their annual TSB health care reimbursement account pledges accordingly.
The TSB expense reimbursement accounts are administered by The Nyhart Company. The deadline for submitting claims to Nyhart is April 15.
Visit www.indiana.edu/~uhrs/benefits/tsb.html for details about tax savings, account balances, claims, and the TSB/HRA debit card.
