The Board of Governors at Missouri Western State University has renewed its contract with Blue Cross and Blue Shield of Kansas City to provide health insurance to the university’s employees. The cost to Missouri Western will increase less than one percent, and benefits will remain unchanged.
“We anticipated a premium increase of up to 10 percent, so we’re thrilled with this renewal,” said Dr. Cale Fessler, vice president for financial planning and administration. “I’m grateful to our consultant, Power Group, and to our staff for their hard work in negotiating a renewal that provides the same benefits at almost the same cost.”
The increase of 0.87 percent will cost Missouri Western approximately $17,400 for the fiscal year that started July 1. Some employees will see a decrease in their monthly premiums while others will see a possible increase up to $12 per month, depending on their plan choices. Deductibles, co-pays, out-of-pocket maximums and other benefits will remain the same.
The board also approved a renewal with Prudential for ancillary insurance coverages, including life (university-provided and voluntary), accidental death and dismemberment, and long-term disability. There will be no increase in cost and no changes to plan benefits.
Dental and vision insurance will continue with their current carriers as well, Blue Cross Blue Shield and VSP, as part of a multi-year guaranteed rate renewal from last year.
State law requires a formal bid process for health insurance at least every six years, and Dr. Fessler said the University would be taking its insurance coverage out for a full bid next year.
Missouri Western State University is a comprehensive regional university providing a blend of traditional liberal arts and professional degree programs. The university offers student-centered, high quality instruction that focuses on experience-based learning, community service, and state-of-the-art technology. Missouri Western is located in St. Joseph, Mo., and is committed to the educational, economic, cultural and social development of the region it serves. Visit www.missouriwestern.edu.