8.3.3.1 Cost of Medical Plans

8.3.3.1 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

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