Repository: UIHistories Project: Board of Trustees Minutes - 1958 [PAGE 444]

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1957]

UNIVERSITY OF ILLINOIS

441

troller recommend the purchase of a building from Harshbarger Building and Supply Company, Urbana, at a price of $11,408.72. I concur and recommend that an appropriation of $10,000 be made from the General Reserve Fund for this purpose. O n m o t i o n of M r . S w a i n , t h i s p u r c h a s e w a s a u t h o r i z e d , a s r e c o m m e n d e d , a n d a n a p p r o p r i a t i o n of $ 1 0 , 0 0 0 w a s m a d e f r o m t h e G e n e r a l Reserve F u n d for this purpose. T h i s action w a s taken by the following v o t e : A y e , M r . Bissell, M r . H e r r i c k , M r s . H o l t , M r . H u g h e s , M r . Johnston, M r . Livingston, M r . Nickell, M r . Swain, M r s . W a t k i n s ; no, none; absent, M r . Stratton, M r . Williamson. HOSPITAL-MEDICAL-SURGICAL INSURANCE FOR STUDENTS A N D STAFF (25) Bids have been received for the student and staff hospital and medical insurance programs for 1957-58 with the right reserved by the University to renew such insurance annually thereafter upon mutual agreement between the University and the insurance company. The student program at the Urbana Campus provides essentially the same benefits as have been provided for the past two years with three minor changes as follows: 1. One day coverage extended to seven days for emergency outpatient treatment. 2. Hospital residence is waived for surgical benefits to apply. 3. Thirty-day waiting period eliminated for coverage of newly born children. In addition to the changes above, the student program at the Undergraduate Division at Navy Pier has improved benefits to meet its unique problems as follows: 1. The $225.00 surgical schedule is increased to $300.00. 2. The per diem room and board allowance is increased from $11.00 to $15.00. 3. Physician's visits for home confinements are revised, to be effective with the first rather than third visit; and the first $20.00 of drugs and medicines are covered, rather than having the first $S.oo paid by the insured. The staff benefits are expanded in the following areas: 1. The $150.00 surgical schedule is increased to $225.00 and the hospital residence requirement is waived. 2. Hospital charges for dental treatment or dental surgery are covered. 3. Thirty-day waiting period eliminated for coverage of newly born children. Bids were also received as an alternative on the present benefits under both plans, but they are not recommended for consideration because increased benefits outlined above can be obtained at a lower premium cost. It is recommended that a contract for both the student and staff coverage be awarded to Bankers Life and Casualty Company, represented by O. J. Wheeler, Chicago, lowest bidder for both programs at $461,610, as per Board Policy C, 3 on insurance, and that charges to students and staff for this insurance be the following premiums, which are identical to those charges currently in effect. Students Student only Student and family Per Year $2100 $57 00 SemiFaculty-Staff Monthly Quarterly Annual Annual Employee only $275 $ 7 75 ? I 5 25 $3025 Employee and one dependent 5 00 14 50 28 75 57 25 Employee and two or more dependents.. 5 75 16 75 33 25 66 25 On the basis of these rates, the plans will operate on a self-sustaining basis. The excess over the cost of the coverage would be used by the University to defray the administrative costs of the two programs. I concur in the recommendation for the award of this contract. Per Semester $700 $19 00

On motion of Mr. Swain, this matter was referred to the Executive Committee with power to act.