Word: premiums
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Cheryl Blitman got a horrible shock when she opened her cell-phone bill. It was $170 higher than usual. Her phone company told her that her daughter had subscribed to 17 premium texting services. But Michelle, 15, was adamant; she had not. Eventually they figured out the source of the charges: FarmVille...
...Harvard staff with Harvard Pilgrim or Harvard University Group Health Plan (HUGHP) coverage, the University pays for about 85 percent of premium costs...
...University subsidy for Blue Cross is equivalent to the cash value of the Pilgrim/HUGHP subsidy. Because it does not correspond to a fixed proportion of the Blue Cross premiums, once the cost of Blue Cross increases, Harvard will only cover about 65 percent of next year’s raised Blue Cross premium...
...union is proposing that the University allow all the security guards to switch to the Harvard Pilgrim plan, after which Harvard would subsidize 85 percent of premium costs as normal...
Malik emphasized that the switch would result in no additional financial burden to the University, as the cost of the current subsidy is equivalent to 85 percent of the Harvard Pilgrim plan’s premium...