Employees at the University of Missouri will have a new medical plan option in 2015, and a new cap on the amount of their benefits.
A Total Rewards task force charged with reviewing the UM System medical plan options, retirement plans and other benefits announced changes to employee benefits at the Board of Curators meeting this week. Total Rewards is a name for the university system's comprehensive benefits package for employees and retirees.
Betsy Rodriguez, UM System vice president for human resources, spoke on behalf of the task force Thursday. Rodriguez outlined the progress the group has made on several issues, including medical plans.
Starting in 2015, the UM System is piloting a new medical program at all Columbia operations to provide a third plan option for employees. The new plan will fall somewhere between the existing two options in premium cost, Rodriguez said