Wofford College heaLth insurance update Chris Gardner, Chief Financial Officer Chee Lee, Director of Human Resources

WOFFORD HEALTH BENEFITS What’s NOT changing?

HEALTH INSURANCE Schedule of Benefits 2015 2016 2019 Individual In Network Deductible $500 $750 Family In Network Deductible $1,500 $2,250 Individual Out of Network Deductible $1,000 $1,250 Family Out of Network Deductible $3,000 $3,750 Physician Office Visit Copay $25 $30 Specialist Office Visit Copay $50 Individual Out of Pocket Maximum – In Network $3,500 Family Out of Pocket Maximum – In Network $9,000 Individual Out of Pocket Maximum – Out of Network $4,000 $4,250 Family Out of Pocket Maximum – Out of Network $10,500 Coinsurance - In Network 80% Coinsurance - Out of Network 60% 50% HEALTH INSURANCE Schedule of Benefits

Dental Insurance

VOLUNTARY HEALTH & WELLNESS PROGRAM Voluntary wellness program-required health assessment and optional maintenance activities to promote and maintain a healthy lifestyle to avoid health problems including prolonged or chronic conditions Incentive = $100 monthly credit towards health insurance premium Current participation = 97%!!

WOFFORD HEALTH BENEFITS What IS changing?

HEALTH INSURANCE Current Employee Premiums Base Salary Total Premium (EE & ER) COBRA RATE Tier 1 $0 - $31,900 Tier 2 $31,901 - $63,800 Tier 3 $63,801-$92,600 Tier 4 $92,601 + Employee Only $829 $698 $116 $132 $163 $195 Employee & Spouse $1,660 $1,397 $441 $483 $525 $567 Employee & Children $1,399 $1,177 $384 $415 $447 $478 Family $2,228 $1,875 $552 $604 $657 $709

HEALTH INSURANCE / Employee Premiums

Wofford College health insurance update Chris Gardner, Chief Financial Officer Chee Lee, Director of Human Resources

Self-funded vs fully insured