As many of you know through reading information distributed by the governance groups and a past article that ran in MCC Weekly News, medical insurance premiums have increased 18 percent this year.
Information distributed earlier this year forecasted a greater increase to the employee medical insurance premium for those employees with dependant coverage; and a decrease to FSA contributions for those employees electing single coverage. That information has changed.
See the monthly cost increase per plan, listed below. Additionally, more funds have been added to employee only flex spending accounts.
Medical – Change in monthly premium from 2010 to 2011
Employee + Spouse - Monthly increase
BCBS HMO - $34.43
BCBC PPO1 - $40.73
BCBS PPO2 - $13.50
High deductible - $-8.53
Employee + Child - Monthly increase
BCBS HMO - $26.55
BCBC PPO1- $32.27
BCBS PPO2 -$7.59
High deductible - $-12.41
Family - Monthly increase
BCBS HMO - $69.99
BCBC PPO1 - $78.95
BCBS PPO2 - $40.28
High deductible - $8.97
FSA/HSA contributions for employees electing single coverage:
BCBS HMO - $81.60 (2010) $103.68 (2011)
BCBC PPO1 - $64.58 (2010) $83.60 (2011)
BCBS PPO2 - $138.11 (2010) $170.37 (2011)
High deductible - $208.12 (2010) $252.98 (2011)
There will be no rate increase in 2011 for either dental, vision or life insurance.
The rate sheets have been posted on the InfoExchange: Select the 'Human Resources' tab, scroll down to the '2011 Insurance Open Enrollment' heading, click on the appropriate link. This information is also available by contacting your governance association leaders.
Any employee interested in making changes to his/her medical plan can do so during open enrollment, which will begin Tuesday, Oct. 19 and run through Friday, Oct. 29, 2010. More information on open enrollment will be in upcoming postings on The MCC Insider.
Note: There is no change to employee only coverage.
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