2012 medical premiums. medical plan premiums – weighted average % change
Post on 02-Jan-2016
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2012 Medical Premiums 2011 Monthly
Premiums 2012 Monthly
Premiums PPO Blue Access $400 Plan +7.17%
Employee
Employee/Child(Children)
Employee/Spouse
Family
$500.35
$991.12
$1,213.92
$1,378.34
$536.23
$1,062.18
$1,300.96
$1,477.17
PPO $900 Deductible Plan +8.56%
Employee
Employee/Child(Children)
Employee/Spouse
Family
$451.35
$900.31
$1,100.63
$1,249.93
$489.99
$977.38
$1,194.84
$1,356.92
IU Health Quality Partners Exclusive Provider Plan +6.26
Employee
Employee/Child(Children)
Employee/Spouse
Family
$451.35
$900.31
$1,100.63
$1,249.93
$480.06
$957.57
$1,170.63
$1,329.43
HDHP & Health Savings Plan -5.59%
Employee
Employee/Child(Children)
Employee/Spouse
Family
$270.15
$538.86
$658.75
$748.12
$255.05
$508.74
$621.93
$706.30
Medical Plan Premiums – Weighted Average % Change
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
0%
5%
10%
15%
20%
25%
30%
20.0%19.0%
6.0%
2.8%
0.8%-1.0%
2.2%
9.6%
18.1% 18.3%
21.3%
18.2%
2.4%
8.1%6.8% 6.8%
13.4%
7.4%
6.4%
15.1%
6.3%
Employee Healthcare Program
Projected Healthcare Cost Increase Factors
Provider expectations = increase payments from “paying patients” New capital projects Growth in freestanding specialty care facilities Increase in indigent and uninsured population Reductions/freeze in payments from Medicare and Medicaid
New, more expensive technology, procedures and treatments
Aging population with chromic and catastrophic medical problems
Lack of transparency for quality of outcomes, pricing and costs
Fee-for-service financial system
U.S. Healthcare Reform
98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12$20
$40
$60
$80
$100
$120
$140
$160
$180
$200 Millions
$ 34.7
$ 43.0
$ 52.4 $ 61.1
$ 74.2
$ 92.1
$ 98.1$ 93.6
$ 110
$ 121.1
$ 140.9
Employee Healthcare ProgramBudgets FY 98/99 through FY11/2
$ 152
17,5
60 e
es
16,8
47 e
es
17,1
10 e
es
16,6
32 e
es
16,6
26 e
es
16,4
11 e
es
16,0
05 e
es
15,4
22 e
es
14,9
48 e
es
14,6
73 e
es
14,3
44 e
es
14,0
40 e
es
$ 176
$ 186.6
17,6
85 e
es
17,7
23 e
es
Benefits Payroll Tax Rates for FY 2011/2012 Benefit Funding Benefit Rate %
Basic Life and AD&D Ins. $ 3.99 m .32 %Unemployment Comp. $ 3.36 m .32 %Worker Comp. $ 1.31 m .13 %Tuition Assistance (employee) $ 2.18 m .21 %Health Care Coverages $186.63 m 17.83 %Benefits Admin. $ 4.29 m .41 %18/20 Plan $ 42.80 m 5.14 %IU Retirement Plan $ 88.13 m 10.59 %PERF Plan $ 23.09 m 10.96 %FICA $ 85.11 m 7.05 %
Academic & Professional Staff 42.00 %Support/Service Staff 37.23 %Hourly w/PERF 18.01 %
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