Insurance Selection due May 15th

Your insurance selection is due to Joann T by Friday May 15th.
We have nothing new to report in regards to Tom Lally, the insurance specialist at CEA, reaching out to CIGNA and not hearing back from them.  This should not come as a surprise.  The rates that were given to you stand as is.  New Teacher contributions are lower because they are only paying for 10 months (Sept – June), they do not receive insurance until they begin teaching in Sept.  We pay for 12 months (July – June), this is the reason your contribution is higher.  We are keenly and sadly aware that the significant increase of your dollar contribution will cause many of you to choose the HSA plan instead of the POS plan.  Please see below specific breakdowns and comparisons of the HSA and POS plans
Your HSA contribution has increased this year by 11.2%. This is what you are paying every paycheck now and what you will be paying every paycheck next year in the HSA if the below is one of your categories:
HSA single increases next year from 65.81 to 73.19 which is an 11.2 % increase
HSA two person increases next year from 128.98 to 143.46 which is an 11.2 % increase
HSA family increases next year from 182.29 to 202.74 which is an 11.2 % increase
Your POS contribution has increased this year by in the range of 49.6% to 56.2%. This is what you are paying every paycheck now and what you will be paying every paycheck next year in the POS if the below is one of your categories:
POS single increases next year from 95.41 to 149.07 which is an 56.2 % increase
POS two person increases next year from 185.17 to 290.35 which is an 56.8 % increase
POS family increases next year from 299.27 to 447.91 which is an 49.6% increase
As always, please reach out if you have any questions.
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