2014 medical plans
"The plans for next year have been designed to provide high-quality, affordable medical insurance, while encouraging employees to be better health care consumers.
"Being better consumers will help reduce or curb expenses to the medical plans, which is important to all of us. Purdue is self-insured, so we foot the bill for all of our own medical claims."
- Luis E. Lewin, Vice President for Human Resources
The Purdue Board of Trustees approved 2014 medical plan options and premiums at its July 19 meeting.
HR developed the medical plan recommendations in consultation with the Health Care Strategy Committee, a group of faculty and staff charged with bringing forward short-term and long-term solutions for rising health care costs. The committee includes members of the Faculty Compensation and Benefits Committee, APSAC and CSSAC, among others.
HR consulted with Mercer, a human resources consulting firm, to develop the premium recommendations, which are based on projected 2014 claims and the need to meet the Board of Trustees’ prescribed 80/20 premium split between the University and its faculty and staff. The recommendations also reflect the $2.8 million in added fees and claims expected next year due to the Affordable Care Act (health care reform).
With the support of the Health Care Strategy Committee, Human Resources opted to take the recommendations to the Board in July, allowing more time to educate faculty and staff about 2014 options.
- Summary of changes
- Plan coverage (deductible, coinsurance, health savings account contributions and more)
- Scenarios showing sample Purdue employees and their overall financial outcome under each 2014 medical plan
- Come to a presentation. Pre-registration is not required.
- Coming tools, education and assistance
Please address all questions about 2014 medical plan coverage and premiums to Human Resources.