Open Enrollment Presentation (PowerPoint)
2024 Summary of Benefits and Coverage
2024 Summary of Mental Health and Substance Abuse Benefits
Effective Jan. 1, 2024, there will be a 4% premium increase for the PPO plan. The salary tier structure is also being eliminated.
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Premium rates for 2024 will increase by 4% when compared to the current Tier 3 premium rates. (Employees making $40,800 or more annually currently pay Tier 3 rates.)
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There is no longer a “Tier 2” for employees making $40,799 or less annually. However, these employees will receive a monthly subsidy to ensure their increase is also 4%.
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ACA-mandated preventive care benefits are still 100% paid with no copay or deductible.
Select the appropriate tab (Employee Only, Employee + Spouse, Employee + Children, or Family) to review the 2024 premium rates for Auburn's PPO option. (Subsidy amounts are listed below each chart.)
These rates will be effective Jan. 1, 2024. Benefits deductions are made on a pre-tax basis, thus lowering your taxable income.
2024 Premium Rates
|
Pay Frequency |
Employee Pays |
Auburn Pays |
|---|---|---|
|
Biweekly |
$112.25 |
$168.37 |
|
Monthly |
$243.20 |
$364.80 |
|
18-Pay |
$162.13 |
$243.20 |
* For the Employee Only plan, the monthly subsidy is $58.60.
|
Pay Frequency |
Employee Pays |
Auburn Pays |
|---|---|---|
|
Biweekly |
$314.29 |
$471.43 |
|
Monthly |
$680.96 |
$1,021.44 |
|
18-Pay |
$453.97 |
$680.96 |
* For the Employee + Spouse plan, the monthly subsidy is $164.09.
|
Pay Frequency |
Employee Pays |
Auburn Pays |
|---|---|---|
|
Biweekly |
$213.27 |
$319.90 |
|
Monthly |
$462.08 |
$693.12 |
|
18-Pay |
$308.05 |
$462.08 |
* For the Employee + Children plan, the monthly subsidy is $111.34.
|
Pay Frequency |
Employee Pays |
Auburn Pays |
|---|---|---|
|
Biweekly |
$336.74 |
$505.11 |
|
Monthly |
$729.60 |
$1,094.40 |
|
18-Pay |
$486.40 |
$729.60 |
* For the Family plan, the monthly subsidy is $175.81.
Out-of-Pocket Maximum
In 2024, the annual out-of-pocket maximum will increase to $9,450 for Employee Only coverage and $18,900 for the other coverage tiers -- Employee + Spouse, Employee + Child(ren), and Family.
After the maximum is met, the plan will pay 100% of the allowed amount for the remainder of the year.
