Cost of Medical Plans
The University pays the full premium for regular full-time employees' high deductible health plan (HDHP) coverage (subject to change each year, based on renewal of program contracts) and also contributes to either a HSA or HRA on the behalf of plan members. For regular part-time employees (0.50 FTE through 0.79 FTE for Staff and 0.50 FTE through 0.74 for Faculty), the University pays a prorated portion of the premium for employee coverage, based on the employee's FTE. Employees pay the remainder of the employee premium via payroll deduction. The rates are noted below. Employees who elect spouse and/or children coverage pay for the cost of their dependents' premiums by payroll deduction as stated below. All medical insurance premiums deducted from employee earnings are taken on a pretax basis. MONTHLY PREMIUM SHARING FOR EMPLOYEE ENROLLMENT ON SPU MEDICAL PLANS
Coverage Tier Medical HDHP with HSA/HRA Full-time Part-time Employee Only $0 $230 Employee + Spouse $475 $695 Employee + Child(ren) $155 $395 Employee + Family $640 $900