Healthy Savings Plan
Insurance
The Healthy Savings Plan is available to all benefit-eligible faculty and staff, as well as non-Medicare-eligible retirees and dependents. However, Medicare-eligible retirees/dependents are not eligible for this plan. As the university's IRS-qualified high-deductible health plan, you can enroll in a health savings account (HSA). For eligible faculty and staff, the university makes contributions to your HSA.
Discounts
Visit the health and wellness tools and discounts webpage to maximize your convenience and savings.
Looking for plan providers or health care providers?
Visit our plan contacts page for more information.
Premiums
|
Healthy Savings Plan- Monthly premiums for active employees, 2017* |
|||||
|---|---|---|---|---|---|
| Employee cost | UM cost | ||||
| Coverage level | (tobacco-free discount**) | (no discount) | (tobacco-free discount**) | (no discount) | Total |
| Self only | $35 | $85 | $368 | $318 | $403 |
| Self and spouse | $120 | $170 | $686 | $636 | $806 |
| Self and child(ren) | $95 | $145 | $590 | $540 | $685 |
| Self, spouse, and child(ren) | $188 | $238 | $940 | $890 | $1,128 |
* Premiums for retirees vary according to a formula based on years of service and other factors. For an idea of what premiums would be for your particular circumstances, use the Retiree Insurance Premiums Estimator.
** Earn a discount on UM System medical insurance premiums by certifying that you and family members covered by your insurance plan are tobacco free or in a cessation program. Learn more.
Deductible
The Healthy Savings Plan has one deductible that combines both medical and prescription drug costs.
|
Healthy Savings Plan- Annual deductibles, 2017 |
||||
|---|---|---|---|---|
| In-network | Out-of-network | |||
| Self* | Family* | Self* | Family* | |
| Medical and Rx (combined) | $1,500 | $3,000 | $3,000 | $6,000 |
* Considerations for “self” and “family” are different for the Healthy Savings Plan than for the Custom Network Plan and PPO Plan. Visit the glossary for details.
Out-of-pocket limit
The Healthy Savings Plan has one out-of-pocket limit that combines both medical and prescription drug costs.
|
Healthy Savings Plan- Annual out-of-pocket limits, 2017 |
||||
|---|---|---|---|---|
| In-network | Out-of-network | |||
| Self* | Family* | Self* | Family* | |
| Medical and Rx (combined) | $3,000 | $6,000 | $6,000 | $12,000 |
* Considerations for “self” and “family” are different for the Healthy Savings Plan than for the Custom Network Plan and PPO Plan. Visit the glossary for details.
Prescription drugs
|
Healthy Savings Plan-Prescription drug out-of-pocket cost, 2017 |
||||
|---|---|---|---|---|
| In-network | Out-of-network | |||
| Prescription drug: retail (formulary generic, formulary brand, or non-formularly brand) | 10% after deductible | 30% after deductible | ||
| Prescription drug: mail (formulary generic, formulary brand, or non-formularly brand) | 10% after deductible | 30% after deductible | ||
Annual university contribution to Health Savings Account
The university will contribute up to $1,200 to a Health Savings Account for eligible employees who enroll in the Healthy Savings Plan. Visit the understanding your HSA webpage to learn if you're eligible and/or the amount the university will contribute based on the elections you choose. In addition to university contributions, faculty and staff may choose to contribute tax-free money up to IRS limits.
Retirees do not receive university contributions toward an HSA, but you may set up an HSA account if you are not enrolled in another insurance plan, including Medicare. If you meet the eligibility requirements, you may contribute your own after-tax money to the HSA.
Network providers
You may choose to visit either in-network or out-of-network doctors and other providers. Your costs will be lower, however, when you select in-network providers. Provider directories may be accessed on the plan contacts webpage.
Preventive care
Many health plans include preventive care services, such as various screenings, vaccinations, and well-woman visits, at no out-of pocket cost. Read about women's preventive healthcare or learn more about preventive care guidelines.
- 2017 Healthy Savings Plan Summary Plan Description (SPD)
- 2017 Retiree Health Savings Plan Medical Benefit Summary Plan Description (SPD)
- 2017 Healthy Savings Plan Summary of Benefits and Coverage (SBC)
- 2017 Retiree Healthy Savings Plan SBC
- 2017 Healthy Savings Plan slicksheet, a one-page overview
- 2017 Benefits Change Form - For active faculty and staff who have a family status change for the 2017 calendar year.
- 2017 Benefits Enrollment Form - For active faculty and staff who are newly eligible for benefits (e.g., newly hired or newly promoted to a benefit-eligible job)
- Retiree Benefits Change Form - Only for retirees and their dependents; this form packet also includes the "Retiree Beneficiary Designation Information" form (for Basic Life, Supplemental Life, and Accidental Death and Dismemberment)
- Proof of Relationship Requirement form
- Medical claim form
- 2017 HSA Enrollment/Change Form
* In the event of a difference between this webpage and the plan document or summary plan description, the plan document and plan description prevail.
Reviewed May 09, 2017.
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1000 W Nifong
Building 7 - Suite 210
Columbia, MO 65211-8220
(573) 882-2146
(800) 488-5288
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