Voluntary Benefit Premiums
2024 Premiums (12/25/23 – 12/22/24)
Medical – Per Pay Period
NAU PPO Accordion Open
Coverage Level
- Employee
- Employee + Adult
- Employee + Child
- Family
Employee Cost
- $55.34
- $150.63
- $107.59
- $223.55
Employer Cost
- $312.86
- $622.60
- $444.72
- $770.60
NAU HDHP Accordion Closed
Coverage Level
- Employee
- Employee + Adult
- Employee + Child
- Family
Employee Cost
- $5.54
- $21.23
- $16.66
- $47.12
Employer Cost
- $304.95
- $630.90
- $449.12
- $791.35
NAU HSA contribution- Per Pay Period
- $31.54 – Employee
- $63.08 – Employee + Adult
- $63.08 – Employee + Child
- $63.08 – Family
State of AZ TCP Accordion Closed
Coverage Level
- Employee
- Employee + Adult
- Employee + Child
- Family
Employee Cost
- $26.17
- $71.49
- $57.30
- $121.61
Employer Cost
- $324.37
- $667.99
- $434.45
- $756.38
State of AZ HDHP Accordion Closed
Coverage Level
- Employee
- Employee + Adult
- Employee + Child
- Family
Employee Cost
- $10.15
- $30.46
- $25.89
- $56.35
Employer Cost
- $219.03
- $453.97
- $296.75
- $505.77
State of AZ HSA contribution- Per Pay Period
- $27.70 – Employee
- $55.38 – Employee + Adult
- $55.38 – Employee + Child
- $55.38 – Family
Dental – Per Pay Period
State of AZ Delta Dental Accordion Open
Coverage Level
- Employee
- Employee + Adult
- Employee + Child
- Family
Employee Cost
- $14.30
- $30.33
- $23.34
- $48.26
Employer Cost
- $2.29
- $4.58
- $4.58
- $6.32
State of AZ UHC Solstice Accordion Closed
Coverage Level
- Employee
- Employee + Adult
- Employee + Child
- Family
Employee Cost
- $1.64
- $3.29
- $3.08
- $5.46
Employer Cost
- $2.29
- $4.58
- $4.58
- $6.32
Vision – Per Pay Period
Avesis
Coverage Level
- Employee
- Employee + Adult
- Employee + Child
- Family
Employee Cost
- $1.72
- $5.70
- $5.65
- $7.11
Life Insurance
Supplemental Life
NAU – The Hartford Accordion Open
Monthly rate per $1,000 of coverage
- 0-24 $0.048
- 25-29 $0.060
- 30-34 $0.085
- 35-39 $0.097
- 40-44 $0.108
- 45-49 $0.157
- 50-54 $0.241
- 55-59 $0.363
- 60-64 $0.544
- 65-69 $0.724
- 70 + $1.151
Coverage reduced 40% for employees 70+
State of AZ – Securian Accordion Closed
Monthly rate per $1,000 of coverage
- 0-24 $0.060
- 25-29 $0.060
- 30-34 $0.068
- 35-39 $0.075
- 40-44 $0.121
- 45-49 $0.158
- 50-54 $0.249
- 55-59 $0.355
- 60-64 $0.626
- 65-69 $0.626
- 70+ $0.981
Sample Premium Calculation Accordion Closed
Premium calculation example for an employee age 47, electing NAU – Hartford, with a coverage amount of $50,000.
Step 1: Calculation the # of $1,000 coverage
- Coverage Amount/$1000 – $50,000/1,000 = 50
Step 2: Lookup the Hartford rate for age 47
- $0.157
Step 3: Calculated the monthly premium.
- # of $1,000 of coverage x rate – 50 X $0.157 = $7.85
Step 4: Calculate the per pay period premium.
- Monthly Premium X 12 months / 26 pay periods – (($7.85 X 12) / 26) = $3.62
Dependent Life
NAU – The Hartford Accordion Open
Employee Premiums – Per Pay Period
- $5,000 2.24
- $10,000 $4.49
State of AZ – Securian Accordion Closed
Employee Premiums – Per Pay Period
- $2,000 $0.43
- $4,000 $.87
- $6,000 $1.30
- $10,000 $2.17
- $12,000 $2.60
- $15,000 $3.25
- $50,000 $10.85
Short Term Disability
NAU – Unum Accordion Open
$.77 per $100 of coverage
State of AZ – MetLife Accordion Closed
$.316 per $100 of coverage
Sample Premium Calculation Accordion Closed
Premium calculation example for an employee enrolled in Unum STD with a covered monthly salary of $4,000.
Step 1: Calculation the # of $100 coverage
- Coverage Amount/$100 – $40,000/100 = 40
Step 2: Lookup the Unum rate
- $0.77
Step 3: Calculated the monthly premium.
- # of $100 of coverage X rate – 40 X $.77 = $30.80
Step 4: Calculate the per pay period premium.
- Monthly Premium X 12 months / 26 pay periods – (($30.80 X 12) / 26) = $14.21
Review the 2024 Voluntary Prepayment Premiums