Employer Health Insurance Medical Deductible Subsidy
The College will continue to offer a medical deductible subsidy for the 2010 Benefit Election Period
Per the recommendation of the Planning and Budget Committee we will be incorporating changes to our deductible reimbursement strategy to help those employees whose base earnings are less than $50k per year. The reimbursement will be stepped to provide more reimbursement to those lower income employees and less or none to those with higher incomes.
Details concerning the subsidy tiers are detailed below:
| 2010 Deductible Subsidy Annual Max Funding | |||
| Funding based on Individual In-Network Deductible | |||
| PPO1- Choice | PPO2 - Select | ||
| Salary Band | $250 Max Funding | $750 Max Funding | |
| < = 30,000 | $ 250 | $ 750 | |
| between 30,001 - 40,000 | $ 100 | $ 500 | |
| between 40,001 - 50,000 | none | $ 250 | |
We believe the use of deductibles can help curb the effects of health care inflation and creates an environment where you as the consumer, make the best choices for you and your family. All plan modifications and cost sharing were reviewed and endorsed by both President’s Staff and the Planning and Budget Committee. We expect that the College contribution to Moravian’s total health care plan costs in 2010 will be 80% or above relative to mix and plan participation.