The below-listed changes will be effective starting January 1, 2024:
All medical plan members will be issued a new ID card with updated deductible and out-of-pocket maximum amounts that should be used starting January 1, 2024.
Member cost-share increases:
- In-Network: Deductibles will increase to $1,900 / employee-only and $3,800 / all other coverage levels. Out-of-pocket maximums will increase to $3,800 / employee-only and $7,600 / all other coverage levels.
- Out-of-Network: Deductibles will increase to $3,800 employee-only / $7,600 all other coverage levels. Out-of-pocket maximums will increase to $7,600 / employee-only and $15,200 / all other coverage levels.
New CVS Caremark partnership with GoodRx. With the Caremark Cost Saver program, IU medical plan members will have automatic access to GoodRx prescription pricing which allows you to pay lower costs, when available, on generic medications. No action or separate registration is required to participate—simply present your Anthem ID card at your preferred network pharmacy. The amount paid will be automatically applied to your deductible and out-of-pocket maximum.
If you wish to continue your coverage in this plan, you do not need to take any action. Your current coverage will continue and your January billing will automatically be updated to reflect the new rate.
If you wish to change your address, please complete the change form and return it to IU Human Resources by November 3, 2023.
If you wish to cancel your coverage, please complete the change form and return it to IU Human Resources by November 3, 2023. Remember, if you cancel coverage, you will not be able to re-enroll in this plan at a later time.