SUBJECT: University Health Plan Renewal
The University's Health Programs plan year with Blue Cross Blue Shield of Kansas is from November 1 to November 1 each year. For a second year in a row, there is no need for any increase in premiums. Our rates are a direct result of the changes we have implemented over the last two years, as well as the usage our group has experienced over this rating period. The University will continue a four tier premium schedule which, in essence, provides income adjusted family coverage based upon salary to assist lower paid staff afford family medical coverage. The University will continue to offer a base option and a buy-up option.
The Benefits Committee, along with the Consultant, has reviewed the renewal information from Blue Cross/Blue Shield, and is recommending one minor change to the existing coverage:
The current lifetime maximum is $2,000,000 and the out-patient lab and x-ray costs are covered up to $300. The new lifetime maximum will be $5,000,000 and the out-patient lab and x-ray costs will be covered to $500.
None. The amount budgeted is adequate to fund the Health Plan at the current rates.
President Farley recommends Board of Regents approval to renew the University's Health Plan.
(date) Jerry B. Farley, President