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

6. WOFFORD HEALTH BENEFITS
What’s NOT changing?

7. 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

8. Dental Insurance

9. 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%!!

10. WOFFORD HEALTH BENEFITS
What IS changing?

11. 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

12. HEALTH INSURANCE / Employee Premiums

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

14. Self-funded vs fully insured