Yesterday, the SEBB (School Employees Benefits Board) completed its fifteenth meeting since October 2017. Numerous resolutions supported by PSE (and WEA) and opposed by school administrators were passed by the Board (starting on page 176-195 in this Board briefing book). While it was great to “win” those debates, the highlight for me was the presentation of the UMP (Uniform Medical Plan) “not to exceed” employee and employer monthly insurance premiums for the four health insurance plans the State is sponsoring. Note that these rates are not final but the only direction they can go from here is down before they become final (good news).
While this is a complicated table the great news is:
…..single employee premiums range from $25 – $101;
…..full family employees premiums range from $75 – $303. Yes, that rights, full family medical, dental, vision, along with an employee life insurance, employee AD&D (Accidental Death and Disability) and employee LTD (Long Term Disability) all for $303 per month.
Here are the plan descriptions to see what the UMP plans will pay for.
Please note that the other insurance plans are still in negotiations with the HCA (Health Care Authority). I hope the other health insurance carriers work hard to meet and hopefully offer plans even cheaper than UMP! The expectation is that rates for those plans will be available in July.