Health Insurance Plans
The College offers all eligible employees several health insurance options as a means to address different needs.
2024 Health Insurance Options:
Ursinus College joined the PAISBOA Health Benefit Trust, a self-insured consortium of 140 independent colleges and schools throughout Pennsylvania who aggregate their collective size of over 10,000 employees for claims stability and cost efficiencies. You can find out more information about the Trust at www.phbtrust.org and ibx.com/paisboa.
2024 Health Insurance Options:
The college offers two health insurance plans through Independence Blue Cross. One is a high deductible health plan with a Health Savings Account (the base plan) and the other is a buy up plan.
Cost of the Plans:
The college’s contribution for the employee and eligible dependents varies based on the plan selected. The college contributes most of the premium for the employee for a base plan and a portion of the premium for coverage of spouse and eligible dependents.
A complete listing of the plans available and the college’s and employee’s contribution levels is provided annually in advance of the open enrollment period during which employees may select their coverage for the new plan year.
High Deductible Health Plan Summary (Base Plan)
Health Savings Accounts (HSA)
For eligible employees in the High Deductible Health Plan, the college will help manage the annual deductible by providing funds for the health savings account. For current employees, the 2022 contribution will be $350 and the college will deposit the full amount into each HSA account in January. For new entrants into the plan, this amount is equivalent to $25 per month and will be prorated based on the date of eligibility. Details on HSA
Buy-Up Plan Summary
The college provides the same level of support to those who choose the buy-up plan as it provides to those in the base plan. The overall effect for this plan results in employee contributions that do not reflect the same increase as the base plan.
Fertility and Family-Forming Benefit
This is a new benefit through PAISBOA offered to enrolled employees and their spouses/partners who will have access to $10,000 on eligible expenses for expanded fertility services, adoption, and surrogacy through Maven Wallet. Contact Maven firstname.lastname@example.org with any questions. Indicate that you are enrolled in healthcare benefits through the PAISBOA HBT. Overview of Benefit
Opting Out of the Medical Plans
In compliance with the Affordable Care Act (ACA), the opt-out credit will no longer be supported. For those who have who have health insurance coverage elsewhere, you may opt out of the college’s program. If you choose this option, you must verify that you have other insurance.
Flexible Spending Accounts (FSA) Health Care and Dependent Care
The college will support a healthcare FSA for those who enroll in the Buy-Up Plan or opt out of our plan. It will continue to support a dependent care FSA for those who have child-care expenses. The college does not contribute to an FSA because it is solely employee funded. Details on FSA
Visit the website to obtain information about network providers, claims, and health assessment.