From the press release:
The College and University Professional Association for Human Resources (CUPA-HR) recently released the findings of its 2012 Comprehensive Survey of College and University Benefits Programs. For the 354 institutions completing this year’s survey, the median total premium costs for the three most common plan types (PPO, HMO and POS) increased 6.7% for employee-only coverage and 6.0% for employee + family coverage; comparable increases last year were 7.3% for both types of coverage. Median annual plan premiums increased to $6,396 for employee-only coverage and to $16,840 for employee + family coverage. The percentage increases in costs are less this year than in the preceding two years.
In other healthcare-related findings, the percentage of responding institutions offering healthcare benefits for same sex partners increased for the eighth straight year, rising to 57% (for opposite sex domestic partners, the percentage remained about the same at 42%); a majority of responding institutions continue to provide healthcare benefits for retirees under the age of 65 and slightly less than half do so for those 65 and over; more than 70% of responding institutions have a wellness program; consumer-driven health plans are offered by 34% of this year’s respondents (up from just 11% in 2007); and most responding institutions offer voluntary benefits that have no direct cost to the institution. Only about a third of responding institutions have developed a strategy for what their healthcare benefits should be in three years.
Some non-healthcare-related findings: almost all responding institutions provide basic life insurance, long-term disability, paid time off, tuition assistance and retirement benefits; about a quarter of responding institutions provide child daycare, but most do not subsidize the costs (even fewer provide sick-child daycare); the median number of paid holiday days each year is 12 as is the median number of sick days (only a small percentage of respondents have a formal PTO plan combining vacation/sick leave and other benefits, and the median number of vacation days varies by employee category)…
Responding Institutions – Healthcare Portion of Survey
Responding Institutions – Non-Healthcare Portion of Survey
Professionals in Higher Education Salary Survey