Agenda Item No. V. A. 3.
Washburn University Board of Regents
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 third 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 three 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 two options -- a base option and a buy-up option.
The Benefits Committee, along with the Consultant, reviewed the renewal information from Blue Cross/Blue Shield, and recommends no changes to the existing coverage or rates.
The attached Premium sheets show the salary level changes based upon the 5.5% salary pool, to continue the University's support of premiums for dependent coverage for lower paid employees.
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