Harvard's healthcare plans: What's changing, what's staying the same - Harvard Gazette
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Harvard's healthcare plans: What's changing, what's staying the same - Harvard Gazette
"Harvard has not adjusted the proportion of healthcare costs paid by Harvard and the employee for 10 years, despite rapidly rising healthcare costs. Therefore, after a series of conversations with the community and recommendations to University leaders, we are beginning the process of making modest adjustments to co-payments (co-pays) and deductibles on a more regular basis. These adjustments will help make sure that the proportion of costs paid for by Harvard"
"series of conversations with the community and recommendations to University leaders, we are beginning the process of making modest adjustments to co-payments (co-pays) and deductibles on a more regular basis. These adjustments will help make sure that the proportion of costs paid for by Harvard and our members stays roughly stationary in the face of rapidly escalating costs and supports the long-term sustainability of Harvard's healthcare plans. These changes will also allow for better financial management and greater predictability for both Harvard and plan members."
Harvard has not adjusted the split of healthcare costs between the university and employees for 10 years despite rapidly rising costs. After community conversations and recommendations to University leaders, modest increases to co-payments and deductibles will begin and occur more regularly. The adjustments aim to keep the proportion of costs paid by Harvard and members roughly stationary, support long-term sustainability, and improve financial management and predictability. The changes seek to minimize impact on community members while maintaining comprehensive, competitive, and fiscally sustainable health plans as healthcare costs escalate.
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