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Benefits

University Releases Details of 2015 Medical Plans

Benefits Open Enrollment will return October 13-31. With health care ranked as a “highly valued” benefit, according to the ’Canes Total Rewards assessment, the University has released the 2015 health care plan highlights to enable you to make informed decisions about your coverage for next year.

What’s staying the same in 2015?

  • Same three medical plans: Aetna Select 1, Aetna Select 2, and the Aetna Health Reimbursement Account (HRA).
  • Free preventive care services for UM/Aetna medical plan members.
  • No increase to medical plan copays or deductibles.
  • Lower copays at UHealth.
  • Low-cost services for sick care, and free annual physicals and immunizations at the on-site walk-in Healthy ’Canes Employee Clinics.
  • Free generics and reduced-price brand medications through Aetna Health Connections.
  • Well ’Canes Incentives Program will continue in 2015, allowing you to earn up to $300 per year by getting engaged in your well-being.

What’s changing in 2015?

  • Minimal increases to health care premiums.
  • Spousal surcharge. The medical plan’s spousal surcharge, which allows you to cover a spouse/same-sex domestic partner who has access to his/her own employer-provided medical plan, will increase to $250 per month.
  • Smoker’s surcharge. The medical plan’s smoker’s surcharge, which applies to adult smokers covered under the UM/Aetna medical plan, will increase to $100 per smoker, per month. Complete the complimentary BeSmokeFree program by October 31, 2014, to avoid the surcharge.
  • NEW: Aetna Select 1 and 2 out-of-pocket maximums will now include prescription copays. This enhancement will help reduce overall cost for participants.
  • NEW: Generic Choice incentive program for UM/Aetna members. Save money and avoid out-of-pocket costs by choosing generic medications, if available. If you fill a brand name medication when a generic is available, you will be responsible for the higher copay, plus the difference in cost between the generic and the brand name medication. If you’re currently taking a brand name medication for which a generic equivalent is available, you will receive more information about this program at your home within the next few months.
  • NEW: Rx Step Therapy program. Expensive medications aren’t always best. For a small group of medications, UM/Aetna plan members will be required to try a less expensive but equally effective medication before trying higher-priced alternatives. If the less expensive medication has not been tried, the plan may not cover the more expensive medication. If you’re currently taking a medication that may be part of the Rx Step Therapy program, you and your doctor will receive more information about this program within the next few months.
  • Minimal increase to some prescription drug copays. Generic drug copays will remain at $10. The copay for tier 2, brand-preferred drugs will be $45, and for tier 3, non-preferred brand drugs, it will be $75.
  • NEW–Guardrails Screenings at Healthy ’Canes Employee Clinics. The Guardrails Prevention Initiative will offer free, 10-minute health assessments for faculty and staff. Visit healthycanesclinic.com to locate a clinic near you and see the Guardrails evaluation schedule.

The University will continue to monitor health care reform requirements and changes to the health care environment while working to ensure that the UM health care plans remain competitive.

In September, you will receive additional information about the 2015 Benefits Open Enrollment via email, interoffice mail, and through e-Veritas and e-Update. We thank you for your continued partnership and engagement in advancing your well-being as we work together to maintain high-quality health benefits. If you have any questions about the University’s health care plans or how these changes may affect you, please click here or contact HR-Benefits at miami.edu/benefits/ask or 305-284-3004.

 

 

Posted in Benefits, Health and LifestyleComments Off

BeSmokeFree Program Available to UM Employees and Students

The University’s award-winning smoking cessation program, BeSmokeFree, is offering group classes for individuals interested in kicking the habit. Classes began on July 8 and will be offered in six-week intervals. Quitting smoking can be a long and difficult process. With the aid of group classes, led by certified tobacco treatment specialist Mohammad Asad, smokers can get the support and tools necessary to become tobacco-free. Click here for more information and a class schedule. This benefit is available to UM employees, students, and the general public at no charge.

Posted in Benefits, InsideUMComments Off

Are You Missing Out on Free Money?

If you’re eligible for the Retirement Savings Plan (RSP) but aren’t making contributions, you are missing out on free money from the University that will help you save for your retirement. If you aren’t sure how to get started or think it’s too late to start, you should register for “Save a Little Today, Play a Lot Tomorrow.” These interactive workshops, hosted by Fidelity Investments, will teach you how saving a little today will result in an increased retirement benefit. Workshops are scheduled from 11 a.m. to noon, and healthy snacks will be provided at the end. As an added bonus, if you enroll or increase your voluntary contribution after the workshop, you will receive a complimentary two-week pass, good at both the Coral Gables and medical campus Wellness Centers. Click here to reserve your seat today.

Posted in Benefits, For Your Benefit, InsideUMComments Off

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