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How does government funding affect how much I pay for contributions?

Medicare Advantage plans, like the new university-sponsored UHC Group Medicare Advantage plans, receive subsidies from the federal government. The amount of this subsidy is one of the factors taken into account when determining the monthly contribution cost to participate in the university-sponsored UHC Group Medicare Advantage plans.

Because these government subsidies are expected to decrease over time, Medicare Advantage plans with high-quality ratings will receive “bonus” payments to help offset the decreases. The Centers for Medicare and Medicaid Services (CMS) have given UHC a rating of 4.5 stars for 2019 based on the Five-Star Quality Rating System for Medicare Advantage plans, for their strong commitment to quality. Medicare evaluates plans based on a 5 Star rating system. Star Ratings are calculated each year and may change from one year to the next. This high-quality rating should help keep your contributions down as a result of the additional bonus payments. The university will continue to monitor premium costs, as it has done in the past, to ensure that the medical plan options remain affordable for retirees and the university.

Reviewed 2019-10-17