Purdue’s medical plan budget for this year is expected to be $163 million and the university is forecasting a 7% increase for next year. As a result, employees will see insurance premiums go up as well.
Employees in the Copay plan will see premiums increase 30%, the Incentive plan’s premiums will rise 25%, and there will be a 15% increase in the Choice plan’s premiums.
Smokers will have to pay a $500 surcharge next year, unless they take part in a certified cessation program. This year’s fee for tobacco users is $250.