Benefits: Insurance: Monthly Premiums
Basic Life Premiums
Disability Coverage
Medical and Dental Premiums
Monthly Premiums
Supplemental Life Insurance
Monthly Premiums
The State group insurance plans each have a monthly premium -- that's the amount it costs per month for coverage under the plan. For some benefits the State pays a substantial portion of the premium and you pay the balance. For others, the State pays the full cost. For certain benefits, you pay the entire premium.
Premium costs vary from one year to the next. Following is how the premiums are paid for fiscal year 2009, (July 1, 2008 through June 30, 2009).
Medical and Dental
You and the State share in the monthly cost of these coverages. How much you'll pay depends on which plan you choose and how many family members, including yourself, are enrolled. Your monthly premium can be paid on a pre-tax basis. All medical plan premiums include the premium for vision coverage.
MONTHLY PREMIUMS FOR FY2009 |
||||||
Medical, |
Employee |
Employee |
Employee |
Employee |
Employee |
Employee |
High Deductible Plan |
$23.00 |
$61.00 |
$41.00 |
$56.00 |
$76.00 |
$86.00 |
PPO Plan |
$28.00 |
$73.00 |
$49.00 |
$67.00 |
$91.00 |
$103.00 |
Traditional Plan |
$35.00 |
$89.00 |
$61.00 |
$81.00 |
$110.00 |
$124.00 |
Dental Plan |
$7.75 |
$36.25 |
$30.50 |
$46.50 |
$51.75 |
$59.75 |
Basic Life
The State pays the premiums for this coverage -- there is no cost to you.
Disability Coverage
The State pays the full monthly cost for your Short Term Disability and Long Term Disability coverage. Note, since this coverage is employer-paid, if you ever become disabled under the plan you may have to pay income and FICA (Medicare/Social Security) taxes on some or all of the benefits you receive.
Supplemental Life Insurance
If you elect this coverage you pay the entire monthly cost. How much you will pay depends on your benefit amount, (your annual salary) and your age group. Following are rates for fiscal year 2008.
Age |
Monthly Premiums |
Age |
Monthly Premiums |
35 and Under |
$0.08 |
56-60 |
$0.77 |
36-40 |
$.0.12 |
61-65 |
$1.04 |
41-45 |
$0.17 |
66-70 |
$1.59 |
46-50 |
$0.27 |
71-75 |
$2.27 |
51-55 |
$0.43 |
76-80 |
$3.43 |
|
|
81-85 |
$5.11 |