July 12-13, 2001

 

ITEM 112-1014-R0701������ 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, The University of Montana-Western, and Montana Tech of The University of Montana to assess a per semester insurance fee as represented on the matrix for the Student Medical Insurance program.

 

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

 

CAMPUS	FY 2001 INSURANCE RATE	FY 2001 ADMIN FEE	FY 2001 BILLED RATE	PROPOSED FY 2002 INSURANCE RATE	PROPOSED FY 2002 ADMIN FEE	PROPOSED FY 2002 BILLED RATE	% INCREASE IN BILLED RATE
UM-MISSOULA	$397.00	$5.00	$402.00	$443.00	$5.00	$448.00	11.44%
MONTANA TECH	$433.00	$0.00	$433.00	$479.00	$0.00	$479.00	10.62%
UM-WESTERN	$439.00	$0.00	$439.00	$485.00	$0.00	$485.00	10.48%