Voluntary Benefit Premiums
Pre-Payment Premiums (12/25/23 – 05/17/24)
Medical – Per Pay Period
NAU PPO Accordion Open
Coverage Level
- Employee
- Employee + Adult
- Employee + Child
- Family
Employee Cost
- $94.08
- $256.07
- $182.90
- $380.03
Employer Cost
- $531.87
- $1,058.42
- $756.02
- $1,310.02
NAU HDHP Accordion Closed
Coverage Level
- Employee
- Employee + Adult
- Employee + Child
- Family
Employee Cost
- $9.42
- $36.09
- $28.32
- $80.11
Employer Cost
- $518.41
- $1,072.55
- $763.51
- $1,345.30
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
- $44.50
- $121.54
- $97.42
- $206.74
Employer Cost
- $551.43
- $1,135.58
- $738.57
- $1,285.83
State of AZ HDHP Accordion Closed
Coverage Level
- Employee
- Employee + Adult
- Employee + Child
- Family
Employee Cost
- $17.26
- $51.78
- $44.02
- $95.80
Employer Cost
- $372.36
- $771.75
- $504.48
- $859.81
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
- $24.31
- $51.56
- $39.67
- $82.04
Employer Cost
- $3.89
- $7.78
- $7.78
- $10.75
State of AZ UHC Solstice Accordion Closed
Coverage Level
- Employee
- Employee + Adult
- Employee + Child
- Family
Employee Cost
- $2.79
- $5.58
- $5.23
- $9.29
Employer Cost
- $3.89
- $7.78
- $7.78
- $10.75
Vision – Per Pay Period
Coverage Level
- Employee
- Employee + Adult
- Employee + Child
- Family
Employee Cost
- $2.92
- $9.70
- $9.60
- $12.08
Life Insurance
Supplemental Life
NAU – The Hartford Accordion Open
Monthly rate per $1,000 of coverage
- 0-24 $0.082
- 25-29 $0.102
- 30-34 $0.145
- 35-39 $0.165
- 40-44 $0.184
- 45-49 $0.267
- 50-54 $0.410
- 55-59 $0.617
- 60-64 $0.925
- 65-69 $1.231
- 70 + $1.957
Coverage reduced 40% for employees 70+
State of AZ – Securian Accordion Closed
Monthly rate per $1,000 of coverage
- 0-24 $0.102
- 25-29 $0.102
- 30-34 $0.116
- 35-39 $0.128
- 40-44 $0.206
- 45-49 $0.269
- 50-54 $0.423
- 55-59 $0.604
- 60-64 $1.064
- 65-69 $1.064
- 70+ $1.668
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
- $0.267
Step 3: Calculated the monthly premium.
- # of $1,000 of coverage x rate – 50 X $0.267 = $13.35
Step 4: Calculate the per pay premium.
- Monthly Premium X 12 months / 26 pay periods – (($13.35 X 12) / 26) = $6.16
Dependent Life
NAU – The Hartford Accordion Open
Employee Premium – Per Pay Period
- $5,000 2.24
- $10,000 $4.49
State of AZ – Securian Accordion Closed
Employee Premium – Per Pay Period
- $2,000 $0.74
- $4,000 $1.48
- $6,000 $2.21
- $10,000 $3.69
- $12,000 $4.43
- $15,000 $5.53
- $50,000 $18.45
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 Regular Voluntary Benefit Premiums