Caption: Board of Trustees Minutes - 1962
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1961] Siatf Programs UNIVERSITY OF ILLINOIS S47 Chicago Undergraduate Division The staff has elected not to participate in this program. Urbana Employee $ 41 D per year O 6 Employ * and Dependents... 113 00 per year Chicago Professional Colleges $ 41 00 per year 113 00 per year To finance the Urbana-Champaign student plan, the Vice-President and Comptroller recommends that the Hospital-Medical-Surgical Insurance Fee be increased from $8.00 to $10.00 per semester, as indicated in a separate recommendation on revision of fees which is being submitted at today's meeting. The $2,00 increase ;n the fee will provide for the increase in the premium, the cost 0f administration of the program, and will supplement the daily room and board allowance at McKinley Hospital. The current insurance contract provides $U,00 per day room and board allowance in any hospitals except McKinley Hospital where the allowance is $11.00 per day. The Administrator of McKinley Hospital and the Director of Health Services recommend that the room and board charge at McKinley Hospital be increased to $14.00 a day. An alternate bid was taken to provide an insurance allowance of this amount, which however would require a premium increase of approximately $18,000 per semester. The number of patient days in one semester is less than 2,900, and the additional coverage would result in a return in benefits of less than $9,000 per semester. Accordingly, the Vice-President and Comptroller recommends that the minimum charge for room and board at McKinley Hospital be increased to $14.00, but that 1100 of the charge be paid from the Hospital-Medical-Surgical Fee collections, it the patient concerned has paid the fee. The recommended charges to students and staff for this insurance protection would reflect the following premiums and fees: Student Programs Student Spouse Children Chicago Professional Urbana Colleges $10 00 per semester £ 6 00 per quarter t2 00 per semester 9 00 per quarter 9 00 per semester 6 00 per quarter Chicago Undergraduate Division 9 8 00 per semester 12 00 per semester 8 00 per semester Staff Programs — Urbana and Chicago Professional Colleges Quarterly Semi-Aitnually Annually Employee Sll 50 S22 50 $ 44 00 Employee and Dependents 29 50 58 50 116 00 On the basis of these rates, the plans should operate on a self-sustaining basis. The excess over the cost of the coverage will be used by the University to defray the administrative costs of the three programs and the cost of operating McKinley Hospital in excess of the amounts provided in the insurance policy. Submitted herewith is a schedule of bids received and a copy is being filed with the Secretary of the Board for record. I concur. On motion of Mr. Johnston, these contracts were authorized as recommended. S T U D E N T SERVICES BUILDING B O N D S \V Bond Counsel has requested that a resolution be adopted to establish rates 'or the Student Services Building. The Vice-President and Comptroller recomraends adoption of the following resolution, I concur. Resolution . . WHEREAS, Section 7.07 of the Resolution of this Board of Trustees authoring and providing for the issuance of $1,350,000 Student Services Building Bonds, duly adopted May 17, 1961, provides that the Board of Trustees will adopt
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