FORT WAYNE, Ind. — Purdue University’s Board of Trustees approved 2023 health plans Friday, Aug. 5, which will have no increase in employee premiums for the fourth consecutive year. Plans for 2023 align with the university’s strategic approach to health care and the Healthy Boiler Program initiative, and they were designed as part of the continuous pursuit of health improvement population and overall cost control for employees and the university.
Additionally, in recognition of their actions to make Purdue a leader in delivering high-quality benefits with innovative population health solutions at the lowest possible costs, all employees enrolled in a plan Purdue Medical will later this year receive a cash payment equal to two months of the average employee bonus – an estimated cost of $2.4 million.
Updates for plan year 2023 will be:
- Launched national Centers of Excellence with Carrum Health for specific care packages, such as bariatric, musculoskeletal, cardiac and sports medicine. By connecting members with the top 10% providers nationwide, Carrum can provide correct care from the best providers, predictable and immediate member and university savings, and greater member satisfaction.
- Expand the operation of the Center for Healthy Living on the Purdue Northwest campus. Although the university will incur implementation and short-term costs, long-term savings for committed members and the university are expected, as well as improved health for the population.
- Establishment of a direct colonoscopy agreement with a preferred provider.
- Launched a telehealth pilot project through the Center for Healthy Living. With the increase in the number of remote and hybrid employees, access to quality acute care can be essential to help reduce unnecessary urgent or emergency care visits. Pending a successful pilot – population health, employee savings and positive satisfaction – this program will be extended to all members.
- Launch and implementation of a direct Pharmacotherapy Management Network (MTM) agreement, in partnership with the College of Pharmacy. The goal of MTM is to optimize outcomes for an individual while preventing adverse drug reactions.
- Increased deductibles for single coverage ($50) and family coverage ($100) based on IRS requirements.
- Four-year contract renewal with CVS Caremark, a prescription benefit manager, based on the Indiana Aggregate Prescription Plan RFP. Estimated savings must be determined.
- Premium rates for pre-retirees will increase by 5%, which will affect around 250 pre-retirees who benefit from a health insurance scheme.
Together, these recommendations are expected to generate annual savings of $1.7 million when fully implemented.
Overall university cost increases will continue to be well below the national average. According to data from PricewaterhouseCoopers, the national average for college health care has grown nearly 6% per year since 2017, while Purdue has only seen an average increase of 0.3% per year.
Approximately 65% of employees are engaged in HealthSync, a revolutionary network of high-performing healthcare providers dedicated to personalized, value-based care. The result was a savings of $10.4 million from its implementation in 2020 through July 31, 2022. Purdue will continue to evaluate options to further expand this network and encourage the use of HealthSync network providers.
Purdue’s focus on population health has resulted in the following increases in employee screenings: physical exams (57% in 2021 vs. 39% in 2017), mammography (68% in 2021 vs. 52% in 2017) and colonoscopy (53% in 2021 compared to 39% in 2017). 28% in 2018).
In May, Purdue announced a partnership with Ascension St. Vincent to build a neighborhood hospital in the Discovery Park District at Purdue – the first development of what will become a larger on-campus medical complex that will focus primarily on outpatient care. .
Employees will begin receiving 2023 Open Enrollment information via email the week of August 9 and will continue to receive information about enrollment, benefit changes and more over the coming months via mailings to their homes, emails and virtual newsletters from Purdue Benefits. and Purdue Today.
Open registration for 2023 will take place beginning October 25 and will continue until 6 p.m. ET on November 8. Employees are encouraged to evaluate all medical plan options and other benefits to ensure they choose the best option for themselves and their family.
About Purdue University
Purdue University is a leading public research institution that develops practical solutions to today’s toughest challenges. Ranked in each of the past four years as one of the 10 most innovative universities in the United States by US News & World Report, Purdue delivers groundbreaking research and groundbreaking discoveries. Committed to hands-on, online, real-world learning, Purdue provides transformative education for all. Committed to affordability and accessibility, Purdue has frozen tuition and most fees at 2012-13 levels, allowing more students than ever to graduate debt-free. Find out how Purdue never stops in the persistent pursuit of the next giant leap at https://stories.purdue.edu.
Source: Candace Shaffer, [email protected]