FORT WAYNE, Indiana — The Purdue University Board of Trustees on Friday (Aug. 5) approved health plans for 2023 that will have no employee benefit increases for the fourth straight year. The 2023 plans align with the University’s strategic approach to healthcare and the Healthy Boiler Program initiative, and were designed as part of the ongoing drive to improve population health and control overall costs to employees and the University.
In recognition of their efforts to establish Purdue as a leader in providing quality services with innovative public health solutions at the lowest possible cost, all employees enrolled in a Purdue health plan will receive two months of cash later this year average employee bonus – estimated cost of $2.4 million.
Updates for the plan year 2023 are:
- Foundation of a national competence center with Carrum Health for specific care bundles such as obesity, musculoskeletal, heart and sports medicine. By connecting members to the top 10% of providers across the country, Carrum is able to provide the right care from the best providers, predictable and immediate savings for members and the university, and higher member satisfaction.
- Expanding operations of the Center for Healthy Living on the Purdue Northwest campus. While there are implementation and short-term costs to the university, long-term savings are expected for engaged members and the university, as well as improved public health.
- Conducting a direct colonoscopy arrangement with a preferred provider.
- Launch of a telemedicine pilot project by the Center for Healthy Living. With the rise of remote and hybrid workers, access to quality acute care can be critical to reducing unnecessary urgent or emergency care visits. Pending a successful pilot – population health, employee savings and positive satisfaction – this program will be rolled out to all members.
- Release and implementation of a Medication Therapy Management (MTM) network direct agreement in partnership with the College of Pharmacy. The goal of MTM is to optimize outcomes for an individual while preventing drug-related side effects.
- Increase in deductible on individual ($50) and family ($100) insurance based on IRS requirements.
- Four-year contract extension with CVS Caremark, a prescription benefits manager, based on the Indiana Aggregate Prescription Plan Program RFP. Estimated savings are to be determined.
- Premium rates for early retirees will increase by 5% – affecting about 250 early retirees who have health insurance.
Overall, these recommendations, when fully implemented, are expected to result in annual savings of $1.7 million.
Overall cost increases at universities will continue to be well below the national average. According to PricewaterhouseCoopers, the national average for university health care has grown nearly 6% annually since 2017, while Purdue has seen an average increase of just 0.3% annually.
Approximately 65% of employees are engaged with HealthSync, a pioneering network of high-performing healthcare providers dedicated to providing personalized, value-based care. The result was $10.4 million in savings from its 2020 implementation through July 31, 2022. Purdue will continue to evaluate options to further expand this network and incentivize the use of HealthSync network providers.
Purdue’s focus on community health has resulted in increases in employee screenings: physical (57% in 2021 vs. 39% in 2017), mammography (68% in 2021 vs. 52% in 2017), and colonoscopy ( 53% in 2021 vs. 2017). 28% in 2018).
In May, Purdue announced a partnership with Ascension St. Vincent to build a neighborhood hospital in Purdue’s Discovery Park District — the first development of a major on-campus medical complex that will primarily focus on outpatient care.
Employees will receive information about the 2023 open enrollment via email beginning the week of August 9, and will continue to receive information about enrollment, benefits changes and more via home mail, email and virtual newsletters from Purdue Benefits over the next several months and Purdue today.
Open registration for 2023 begins October 25 and runs through November 8 at 6:00 p.m. ET. Employees are encouraged to review all health insurance options and other benefits to ensure they are selecting the best option for themselves and their families.
About Purdue University
Purdue University is a leading public research organization developing practical solutions to today’s toughest challenges. For each of the last four years, Purdue has been ranked by US News & World Report as one of the 10 Most Innovative Universities in the United States, delivering world-changing research and extraordinary discoveries. Purdue is committed to real-world, hands-on and online learning, providing 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. See how Purdue never stops making the next big leap at https://stories.purdue.edu.
Source: Candace Shaffer, [email protected]