Health Care Cost Share as a Percent of Salary
| Plans | Single | 2 Party | Family |
|---|---|---|---|
| Enhanced PPO | 1.7% | 3.5% | 4.8% |
| Essential PPO | 1.4% | 2.9% | 4.0% |
| GHP HMO | 1.4% | 2.9% | 4.0% |
*Rates for 2008
Cost sharing is adjusted each January to reflect current staff and faculty salaries and health care premium rates.
Examples:
A GHP participant enrolled in a two-party contract will contribute 2.9% of annual salary. At a salary of $30,000 per year, that would be $870 per year.
An Enhanced PPO participant enrolled in a family contract will contribute 4.8% of annual salary. At a salary of $40,000 per year, that would be $1,920 per year.
To calculate the per pay period amout, a Support Staff participant should divide the annual amount by 26, and an Administrative or Faculty participant should divide the annual amount by 12.
