Amidst growing concern over rapidly
increasing medical costs, the University’s
Employee Benefits Committee worked through
the fall to establish goals and recommendations
to guide the future direction of EKU’s health plan.
The Benefits Committee set as its primary
goal to proactively manage EKU’s healthcare
costs through moderate annual plan design
changes and rate contribution strategies while
providing satisfactory and cost-effective plans for
employee. Another goal of the committee was to
continue to provide a single coverage plan that is
free to the employee and a basic family plan with
rates below that currently charged.
The changes proposed will allow family
plan premiums for the HMO and PPO High
options to increase only 6.5 percent on average
(vs. the national trend of 16 percent). The
changes in the PPO low option will actually allow
family rates to decrease by approximately 14
percent below that currently charged. The
university will increase its contribution to the
plan by 6.5 percent or approximately $500,000.
The committee proposed the following
changes:
• Increase prescription co-pays for all plan
options
|
Prescription Copays
|
Proposed
|
|
Generic
|
$15
|
|
Brand Formulary
|
$25
|
|
Brand Non-Formulary
|
$35
|
