Sunday, September 7, 2014

Obamacare Smacks Harvard Employees

The Harvard Crimson reports:
Acknowledging the burden of rising healthcare costs, the University announced Wednesday afternoon that it will significantly restructure the benefit plans it offers to non-union employees, cutting premiums but introducing, for the first time, a deductible at the point of care.
As required by the Patient Protection and Affordable Care Act of 2010, the various health plans sponsored by the University will continue to cover 100 percent of costs associated with preventative care, such as regularly scheduled doctor visits, which will carry the same $20 co-payment they do now. Emergency room visits will now incur a copayment of $100, up from $75.
If required care extends beyond routine visits and tests, individuals insured by Harvard will now pay a $250 deductible out of pocket before their insurance kicks in. After the $250 threshold—or up to $750 for a family—the University benefit plans will shoulder 90 percent of the costs, and the patient 10 percent. This cost sharing, called coinsurance, is also new to the Harvard plans.

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