Benefit Committee Advisory Letter

Dear Colleagues,

 

The Benefits Advisory Committee would like to share with you information about our decision to recommend switching from our current group health insurance provider, Florida Blue, to United Health Care, effective January 1, 2016.

 

After significant time and attention to University benefits this summer, the Benefits Advisory Committee can report the following:

 

  • After a 0% increase in health care rates last year, Florida Blue presented a 27% initial increase in May due to a significant increase in large claims
  • Guided by the University’s health care consultant, the Benefits Advisory Committee (BAC) worked diligently to look at alternatives to provide quality health insurance with similar plan design
    • Committee met seven times since April
    • Secured bids from another highly rated health insurance provider, United Health Care
  • The BAC recommended moving to United Health Care given a much lower overall average increase of 10.1% increase (HMO rates were higher and PPO rates lower)
    • HMO rates capped at a 10.1% increase due to a subsidy provided by the University
    • PPO rates have decreased by approximately 13%
    • United Health Care uses 98.4% of the top providers used by Stetson members as Florida Blue. The link to the provider list will be available on the Human Resources website in October
    • The University will continue to provide a premium subsidy so that no employee pays more than 7.2% of their Stetson salary, based on the HMO single rate
  • Human Resources will work with United Health Care to provide information starting in September in anticipation of the annual open enrollment period for benefits which begins October 1, 2015
  • BAC will continue to study plan consolidation and self-insurance over the course of the next year
  • In regard to Life Insurance, the 1X salary cap of $50,000 will be increased to $250,000 effective October 1, 2015, at no cost to employees

 

As members of the Benefits Advisory Committee, we understand that change can be difficult and kept that front and center as we developed our recommendation.  Please feel free to contact us or Human Resources if you have any questions.

 

Sincerely,

 

Benefits Advisory Committee

 

Dr. T. Wayne Bailey, Professor of Political Science

Dr. Patrick Coggins, Professor of Education

Jason R. Bent, Associate Professor of Law

Dr. Paul Steeves, Professor of History/Russian Studies – Retiree Representative

Jeffrey Altier, University Director of Athletics

Drew Macan, University AVP of Human Resources

Patty Johnson, COL – AVP of Budget and Finance

Melissa Peters, University AVP for Budget

Pam Skoularakos, COL – Director of Human Resources

Betty Whiteman, University – Director of Human Resources

Catherine B. Martin, COL – Director of Career Development

Christopher Chellberg, University Assistant Director of Total Rewards

Mary Bernard, Administrative Support I History Department

 

University liaison:  Bob Huth, Executive VP and CFO