Learn About the 2015 Health, Life and Other Changes
For 2015 there will be minimal changes to your health, life and other benefits, however, it’s important to use this opportunity to review your 2015 coverage and rates.
- Health care premiums will increase in 2015. These increases reflect (on average) a cost-sharing of 25% for faculty/staff and 75% for JHU. They are consistent with goals set by the Benefits Advisory Committee in 2011.
- You will continue to receive a medical waiver credit if you decline medical coverage through the university. The medical waiver credit is $800 if your salary is $40,000 or less and $500 if your salary is more than $40,000.
- There are no changes to deductibles, copays or coinsurance for Faculty & Staff. These remain in line with benchmarks. We compare our plans annually to comparable plans offered by other employers.
- Prescription drug costs will count toward a separate pharmacy out-of-pocket maximum. There is now an annual limit on pharmacy expenses due to Health Care Reform, and just like your medical expenses, it is $2,000 per person up to a maximum of $6,000 for the family. Once you meet this maximum, eligible expenses are covered 100% through the end of the plan year.
- You can roll over up to $500 of your 2014 Health Care FSA into the 2015 plan year. These rollover dollars do not count toward the annual maximum for 2015 of $2,500.
Even if you’re not planning to make changes to your benefits this year, you should learn more about the 2015 changes and how they will impact you beginning January 1, 2015.