This is also a good time to think about your other benefit elections, including commuter (transit and/or parking), supplemental life insurance, and 403(b) retirement elections, as well as to update your beneficiaries.
Important Medical Plan Changes for 2018
- Prescription drug coverage will be administered through OptumRx, a nation-wide provider of prescription pharmacy services. Due to its size, it is able to negotiate very favorable prices for prescription medications. Pharmacy expenses represent 20% of the University's total medical costs, so this change allows better control over our health insurance rates. You will receive a new medical card from Harvard Pilgrim which will have the OptumRx information on it.
- Specialist copayments will be reduced from $35 to $25 per visit.
- The out-of-pocket deductible for the Best Buy HMO plan decreases from $750 for individuals and $1,500 for families to $500 for individuals and $1,000 for families. Chiropractic services are now covered for a $25 copayment.