UpDate - Vol. 11, No. 29, Page U.D. BENEFITS-1
April 30, 1992
UD Benefits 1992-93
1992 changes at a glance
Flexible benefits administration transferred to the University
mainframe computer.
FSA reimbursements automatically deposited to same bank as paycheck--if
no automatic deposit there will be a separate UD check on payday.
Medical UDollars equal the cost of Basic coverages except for those
who select Principal Employee Only or Principal Employee plus
Children, in which case UDollars equal the cost of Principal
coverage.
Dependent Life Insurance contributions must now be paid with after-tax
dollars in accordance with IRS regulations.
Prices/Contributions reflect higher medical costs to the University
and to employees.
Social Security wage base at $55,500 taxed at 6.2 percent.
Medicare wage base at $130,200 taxed at 1.45 percent.
Health care coverage will change as follows:
Effective July 1, 1992
- HMO high option replaced with HMO (Copay) benefits; former HMO
high option participants who do not select other coverage will
automatically receive HMO (Copay) benefits.
- Provider networks established for lab and out-patient radiology
services. Higher level of benefits will be provided if network
lab and out-patient radiology services are utilized.
- Nervous and mental services modified to include up to 60 days
of acute care plus an additional 180 days of partial or
residential care.
- Intracorp's medical review procedures modified to include
surgical appropriateness, maternity stays, chiropractic services
and out-patient mental health/substance abuse treatments and
visits.
- $1 million lifetime maximum expanded to all services and plans.
Effective January 1, 1993
UD employees will have their spouse's claims coordinated with
coverage available from the spouse's employer. If spouses do not
elect coverage for themselves, UD benefits may be reduced. This
applies only to spouses-not to children.