The below-listed changes will be effective starting January 1, 2025:
- There will be a modest increase in member contributions for medical coverage.
- 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, 2025.
Member cost-share increases:
- In-network: The deductible will increase to $2,000 for employee-only coverage and $4,000 for all other coverage levels. The out-of-pocket maximum will also increase to $4,000 for employee-only coverage and $8,000 for all other coverage levels.
- Out-of-network: The deductible will increase to $4,000 for employee-only coverage and $8,000 for all other coverage levels. The out-of-pocket maximum will also increase to $8,000 for employee-only coverage and $16,000 for all other coverage levels.
New partnership with Archimedes. Specialty medications (high-cost drugs that treat complex/chronic conditions and often require special handling or administration) will be managed and filled through Archimedes instead of CVS Specialty. Details about this transition will be communicated to affected members beginning in mid-October. All other prescriptions will continue to be managed through CVS Caremark.
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 30, 2024.
If you wish to cancel your coverage, please complete the change form and return it to IU Human Resources by November 30, 2024. Remember, if you cancel coverage, you will not be able to re-enroll in this plan at a later time.