Medical Insurance Rates Increase with June Paychecks

As previously communicated during Open Enrollment, rates have increased from our medical insurance providers. Pacific found a path to absorb the increase for the first six months of coverage in the plan year from January through June. New rates will go into effect beginning in July (showing up in deductions from June 2024 paychecks). The new rates are outlined on page 23 in the benefits guide. Please keep in mind that you will not have an opportunity to change your benefit enrollments due to the increases that are going into effect July 1.

Below is a recap of the changes to employee medical benefits presented at the Pacific University Budget Town Hall:

Regence Medical, Tier 1
Emp only: increase of $21.94 per month = $131.64 for six months
Emp + Spouse/DP: increase of $67.65 per month = $405.90 for six months
Emp + Child(ren): increase of $65.12 per month = $390.72 for six months
Emp + Family: increase of $89.57 per month = $537.42 for six months

Kaiser Medical, Tier 1
Emp only: increase of $22.43 per month = $134.58 for six months
Emp + Spouse/DP: increase of $71.52 per month = $429.12 for six months
Emp + Child(ren): increase of $64.94 per month = $389.64 for six months
Emp + Family: increase of $100.43 per month = $602.58 for six months

Regence Medical, Tier 2
Emp only: increase of $33.24 per month = $199.44 for six months
Emp + Spouse/DP: increase of $127.65 per month = $765.90 for six months
Emp + Child(ren): increase of $122.86 per month = $737.16 for six months
Emp + Family: increase of $190.59 per month = $1143.54 for six months

Kaiser Medical, Tier 2
Emp only: increase of $31.15 per month = $186.90 for six months
Emp + Spouse/DP: increase of $119.21 per month = $715.26 for six months
Emp + Child(ren): increase of $118.06 per month = $708.36 for six months
Emp + Family: increase of $179.33 per month = $1075.98 for six months