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MSSU Board of Governors Approves Switch to Self-Funded Insurance - KOAM TV 7

MSSU Board of Governors Approves Switch to Self-Funded Insurance

Updated:
JOPLIN, MISSOURI -


A big change in insurance at Missouri Southern State University designed to save its five hundred and thirty-eight employees money.

The MSSU board of governors unanimously  said yes to a switch to a partially self- funded insurance plan.


The goal is to halt double digit premium increases Southern employees have experienced since the year 2010.

Insurance committee chairman Evan Jewsbury said after hearing bids, "We were like we can offer the same exact identical benefits plans we have today and actually possibly not have an increase in premiums."


That’s good news to the staff senate president. Chris Owens said, "Insurance is a major benefit for employees, um it’s one of the things that keeps  people employed even passed retirement.  That uncertainty of what they’re going to do for insurance, being able to keep costs down or stable at the time when costs are going up everywhere else, is a great benefit for us."
 
Jewsbury said the insurance committee looked at five companies and chose Cigna, specifically for customer service.

"So folks can contact Cigna twenty-four seven, three hundred sixty-five, instead of eight to five Monday through Friday."

Faculty and staff will simply get new id cards. But under the partially self-insured plan, stop loss coverage kicks in for claims topping one hundred twenty-five thousand dollars. Otherwise, it’s the university
paying claims.
Jewsbury explained, "We actually are responsible for every employee that goes to that health care facility, for physicians visits, essentially is a bill that comes to Cigna and Cigna bills us directly."


The insurance committee also hopes to keep costs down by increasing use of the campus wellness center.

Jewsbury added, "Cause if we can keep them  out of the actual hospital and treat it early on at our facility during work hours,  it really keeps them in better shape for their jobs and ability to be here without being tied up in the doctor’s office."


And that will save the university and employees money in the end.
The partially self-funded insurance plan takes effect January 1, 2017 with open registration  for MSSU employees beginning  in October.


 

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