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GSA ASSEMBLY MEETING 2.24.15 2015-2016 STUDENT HEALTH RENEWAL
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ACCORDING TO THE AFFORDABLE CARE ACT (ACA), STUDENT PLANS ARE REQUIRED TO MEET ACCEPTABLE “METALLIC STANDARDS” – THESE STANDARDS WERE DESIGNED TO EXPLAIN THE EXTENT TO WHICH A PLAN WILL COVER HEALTH EXPENSES. 1 BRONZE – MOST OUT-OF-POCKET EXPENSES SILVER GOLD* PLATINUM – LEAST OUT-OF-POCKET EXPENSES *MU GRADUATE STUDENT HEALTH PLANS QUALIFY AS GOLD. 1 SOURCE: http://health.usnews.com/health-news/health-insurance/articles/2014/11/14/obamacare-which-metal-tier-is- right-for-you (ACA) HEALTH REFORM
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DEPENDENT PARITY – DEPENDENT PREMIUM RATES MUST BE EQUAL TO OR LESS THAN STUDENT PREMIUM RATE. ESTIMATED TO INCREASE STUDENT PREMIUM RATES: DOMESTIC STUDENTS (ENROLLMENT 1 – 1,515): 0% INTERNATIONAL STUDENT (ENROLLMENT 2 – 5,612): 10% CURRENT DOMESTIC ANNUAL RATE: $3,017 CURRENT INTERNATIONAL ANNUAL RATE: $1,651 1 ENROLLEMENT AS OF 10.31.14 2 ENROLLEMENT AS OF 10.31.14 NEW POLICY
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NEGOTIATED 2015-2016 RENEWAL RATE FOR INTERNATIONAL STUDENTS WILL CHANGE FROM AN ANNUAL RATE OF $1,501 TO $1,651 PER STUDENT. DOMESTIC RATE WILL REMAIN THE SAME. INFORMATION ON DEPENDENT RATES SHOULD BE FORTHCOMING. THE LANGUAGE WAS NOT CLEAR ON WHETHER THE DEPENDENT RATE WOULD BE FOR EACH SPOUSE/DEPENDENT (I.E. AN INTERNATIONAL STUDENT WITH A SPOUSE AND ONE CHILD WOULD PAY AN ANNUAL RATE OF $1,651 FOR EACH ADDITION – TOTALING $4,953) OR OTHERWISE. NEW POLICY (CONTINUED)
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PEDIATRIC DENTAL (AND VISION) IS COVERED. VOWED TO REEXPLORE DENTAL OPTIONS. IT WAS EXPLAINED THAT DENTAL COVERAGE IS NOT INCLUDED BECAUSE IT WAS COST PROHIBITIVE (SMALL POOL – HIGH CLAIMS – HIGH PREMIUM) AND WHEN PREVIOUSLY OFFERED AS A SEPARATE COVERAGE OPTION – NOT POPULAR. DENTAL COVERAGE
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AETNA DOES PROVIDE A DISCOUNT PROGRAM OPTION. 1 DENTAL COVERAGE (CONTINUED) 1 GO HERE GO HERE
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