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2015 BENEFITS ANNUAL ENROLLMENT. Wednesday, October 8 to Friday, October 17. Mandatory Enrollment. Must enroll in the following to have coverage in 2015: Dental Flexible spending accounts Medical Health savings accounts Vision. Optional Enrollment. - PowerPoint PPT Presentation
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2015 BENEFITS ANNUAL ENROLLMENT
Wednesday, October 8
to
Friday, October 17
Mandatory Enrollment Must enroll in the following to have coverage in 2015:•Dental•Flexible spending accounts•Medical
•Health savings accounts•Vision
Optional EnrollmentYou do not need to enroll in the following unless you wish to make a change:•Dependent life•Optional life•Short Term Disability
No changes No change to design or pricing:•Dental•Dependent life insurance•Flexible spending accounts•Optional life insurance•Short term disability•Vision
Medical Plans for 2015
Changes:POS HMO HDHP
Design Yes No YesRx Covered drugs Yes Yes No PA, QL, ST Yes Yes YesPricing Yes Yes No
POS Design ChangesAnnual Expenses 2014 2015
Deductible Individual Family
$ 750$1,500
$1,000$2,000
Coinsurance 20% No change
Coinsurance Maximum Individual Family
$3,000$6,000
No changeNo change
Out of Pocket Maximum Individual Family
$3,750$7,500
$4,000$8,000
HDHP Design ChangesAnnual Expenses 2014 2015
Deductible Individual Family
$2,500$5,000
No changeNo change
Coinsurance Not applicable 10%
Coinsurance Maximum Individual Family
Not applicable $1,500$3,000
Out of Pocket Maximum Individual Family
$2,500$5,000
$4,000$8,000
Health Savings Account Maximums •
2014 2015NKU $ 625 No changeEE <55 $2,675 $2,725EE 55+ $3,675 $3,725
NKU $1,250 No changeEE+1<55 $5,300 $5,400EE+1 55+ $6,300 $6,400
Pricing Changes
NKU beginning move to provide same subsidy for all options.
POS is ‘richest’ coverage and will be highest cost
HMO network results in more modest price increase
HDHP plan design changes allow for no cost increase
Questions?