Repository: UIHistories Project: Board of Trustees Minutes - 1972 [PAGE 377]

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1971]

Medical Visits, In Hospital Surgical Schedule Ambulance Benefit Supplemental Accident Benefit Accidental Death and Dismemberment Maternity Benefit

UNIVERSITY OF ILLINOIS $10 first day, $6 per day thereafter 1969 California Relative Value Schedule with a per unit value of $20 $35 per disability $150 per accident $1,000 principal sum 100% of the first $200; and then 80% of the expense after the Maternity Deductible of $600 50%, maximum $50 per semester none same same same same same same

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100%, maximum $20 quarter X-ray and Labo100%, maximum $30 ratory Expense quarter Consultant, none 100%, maximum $25 Diagnostic quarter T h e following premium schedule will be required to provide the under the contract. C u r r e n t P r o g r a m 1970-71 Urbana Chicago Circle per semester per quarter $10 00 (10 00) $ 7 00 ( 6 70) 18 00 (17 73) 9 00 ( 8 60) 13 00 (12 27) 6 00 ( 5 60)

Prescription Drugs

per per per benefits

Student Spouse Child

Medical Center per quarter $ 7 00 ( 6 70) 9 00 ( 8 60) 6 00 ( 5 60)

P r o p o s e d P r o g r a m 1971-72 Urbana Chicago Circle Medical Center per semester per quarter per quarter Student $15 00 (14 31) $10 00 ( 9 09) $10 00 ( 9 09) Spouse 39 50 (38 56) 27 00 (26 10) 27 00 (26 10) Child 26 00 (24 80) 17 00 (16 36) 17 00 (16 36) T h e insurance premiums in parentheses are the base rates paid to the insurance company, and the balance of the premium is for administration of the program. T h e increase in premiums is a direct result of claims paid under the programs. The premiums for the Chicago campuses have not been adjusted for the increase in the cost of medical care since 1968. Although there have been adjustments in benefits and premiums, claims for the Urbana-Champaign campus currently exceed the premiums. T h e University will not incur any liability for additional premiums if the claim payments exceed the premium paid. T h e programs will be under an E x perience Rating Plan which will limit the insurance company's retention of any premiums in excess of claim payments to 3.8 per cent of the paid premium. T h e Vice President and Comptroller recommends award of the contract for the policy year 1971-72 to the low bidder, Continental Assurance Company, Chicago, Illinois. I concur. O n m o t i o n of M r . F o r s y t h , t h i s c o n t r a c t w a s a w a r d e d a s r e c o m mended.