July 6-7, 2000

 

ITEM 108-1003-R0700       Increase Student Supplemental Medical Insurance Fee; The University of Montana

 

THAT:                                    The Board of Regents of the Montana University System authorizes The University of Montana-Missoula, Western Montana College of The University of Montana, and Montana Tech of The University of Montana to assess a per semester insurance fee as represented on the attached matrix for the Student Medical Insurance program.

 

NOTE:                                   All campuses listed participate in a joint insurance program that provides the same levels of medical insurance coverage to participating students.  The insurance premium increase reflects a competitive bid process conducted by the campuses.  In addition, The University of Montana-Missoula assesses an administrative fee to provide direct, campus-based service to students enrolled in the Student Medical Insurance program.  The campus provides a student insurance representative and also contracts with an insurance consultant to provide insurance program review services.

 

CAMPUS

 

FY 2000 INSURANCE RATE

 

FY 2000 ADMIN FEE

 

FY 2000 BILLED RATE

PROPOSED

FY 2001 INSURANCE RATE

PROPOSED

FY 2001 ADMIN FEE

PROPOSED

FY 2001 BILLED RATE

% INCREASE IN BILLED RATE

UM-MISSOULA

 

$370.00

 

$4.00

 

$374.00

 

$397.00

 

$5.00

 

$402.00

 

7.5%

MONTANA TECH

 

$406.00

 

$0.00

 

$406.00

 

$433.00

 

$0.00

 

$433.00

 

6.7%

 

WMC-UM

 

$412.00

 

$0.00

 

$412.00

 

$439.00

 

$0.00

 

$439.00

 

6.6%