July > Special ANNUAL ENROLLMENT Edition for UT System Employees > UT SELECT Medical Premium Rates and Plan Design

Annual Enrollment Update

UT SELECT Medical Premium Rates and Plan Design

UT SELECT Medical Premium Rates and Plan Design
The UT SELECT Medical plan administered by Blue Cross and Blue Shield of Texas is self-funded by the UT System. As a self-funded plan, all claims are paid by UT System through funds allocated by the State Legislature, UT System Institutions, and member out-of-pocket premium costs (for dependent coverage and for part-time employees, the portion of employee-only coverage).

Based upon available funding and positive plan performance during the current benefit year (2010-2011), only slight increases in premium rates are necessary ranging from $9 to $19 per month for dependent levels of coverage (for full-time employees).

In addition, due to lower than expected trends in the UT SELECT claims, the only benefit plan design changes to UT SELECT are enhancements resulting from the Affordable Care Act (healthcare reform).

The following chart reflects the cost of Basic Coverage*. Monthly Premium Cost = Premium Sharing from the State of Texas and UT, plus Your Monthly Out-of-Pocket Cost. The final column indicates the total out-of-pocket increase in your monthly premium effective September 1, 2011.

UT SELECT Medical and other Basic Coverage*: Full Time Employees


Level of Coverage

Total Monthly Premium Cost

Monthly Premium Sharing Paid by the State and U.T.

Your Monthly Out-of-Pocket Cost

Increase in Monthly Out-of- Pocket Cost

Employee Only

$462.26

$462.26

$0.00

$0.00

Employee & Spouse

$903.60

$704.58

$199.02

$9.48

Employee & Child(ren)

$825.45

$617.30

$208.15

$9.91

Employee & Family

$1,253.00

$861.07

$391.93

$18.66

*Basic Coverage includes UT SELECT (medical and prescription drug coverage), plus the cost of employee $20,000 Basic Life and employee $20,000 Basic Accidental Death and Dismemberment.

The following chart reflects the cost of Basic Coverage* for Part-time Employees (appointed 20 hours or more, but less than 40 hours). Monthly Premium Cost = Premium Sharing from the State of Texas and UT, plus Your Monthly Out-of-Pocket Cost. The final column indicates the total out-of-pocket increase in your monthly premium effective September 1, 2011.

UT SELECT Medical and other Basic Coverage*: Part Time Employees


Level of Coverage

Total Monthly Premium Cost

Monthly Premium Sharing Paid by the State and UT

Your Monthly Out-of-Pocket Cost

Increase in Monthly Out-of- Pocket Cost

Part-time Employee

$462.26

$231.13

$231.13

$11.01

Part-time Employee & Spouse

$903.60

$352.29

$551.31

$26.26

Part-time Employee & Child(ren)

$825.45

$308.65

$516.80

$24.61

Part-time Employee & Family

$1,253.00

$430.54

$822.46

$39.16

*Basic Coverage includes UT SELECT (medical and prescription drug coverage), plus the cost of employee $20,000 Basic Life and employee $20,000 Basic Accidental Death and Dismemberment.