Indiana University
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No. 44
June 2008

University Human Resource Services
www.indiana.edu/~uhrs

Inside this Issue:

Prescription Drug Costs

IU TDA Plan Amendment

Tobacco Use and Health

Enhancement to IU Fee Courtesy Plan

IU Fee Courtesy Plan Opportunities

Total Compensation Statements

Web Wise: IU Medical and Dental Plan Booklets

Summary of Paid Time Off for Staff Employees

INShape Indiana

ePTO Program

Clery Act Notice

 

The Informed Employee
is published three or four times a year by University Human Resource Services for over 17,000 full-time Staff and Academic employees across the eight Indiana University campuses.

 

 

Prescription Drug Costs in 2007

During 2007, IU-sponsored employee medical plans paid over $22 million for prescription drug benefits; plan members paid another $7 million in co-payments. The following table illustrates the top five classes of drugs, examples of specific drugs, and plan payments during 2007.

2007 Top Prescription Costs
Drug Class Drug Examples
Total IU Payments
Psychostimulants/Antidepressants Wellbutrin, Zyban, Effexor, Cymbalta
$2,571,795
Lipotropics/Cholesterol Drugs Lipitor, Simvastatin, Vytorin, Crestor
$1,801,013
Gastrointestinal/Anti-Ulcer Drugs Prevacid, Protonix, Nexium, Aciphex
$1,674,362
Diabetic Therapy Actos, Byetta, Avandia
$1,153,372
Antiarthritics Enbrel, Humira
$1,132,960

This second table shows a sampling of high-cost prescription drugs.

Examples of High-cost Prescriptions
Prescription Name Used for Treatment
Cost Per Prescription
Norditropin Growth Hormone Deficiency
$16,430
Vesanoid Leukemia
$10,526
Pancrease MT 20 Chronic Pancreatitis, Cystic Fibrosis, Cancer of the Pancreas
$6,393
Tobi Cystic Fibrosis
$5,907
Revlimid Cancer (Myeloma)
$5,839

IU TDA Plan Amendment
Auto Enroll for New Academic and Staff Employees

Effective July 1, 2008, all new full-time employees will be automatically enrolled in the IU Tax Deferred Annuity (TDA) Plan. The default deferral rate will be five percent and the default investment selection will be TIAA-CREF’s Lifecycle Funds®. New employees will be able to opt out of participation or increase or decrease their deferral rate in the IU TDA Plan (1) during new-hire open enrollment or (2) at any time thereafter through Benefits Self Service or a campus Human Resources office.

The goal of this amendment is to encourage and assist employees in saving for retirement years.

While existing employees will not be impacted by this amendment, the university encourages employees to consider participating in the IU TDA Plan and/or the IU Retirement Savings Plan, or to increase their current deferral rate. To do either, employees can visit Benefits Self Service or contact a campus Human Resources office.

To access Benefits Self Service:

  1. Log in to OneStart.
  2. Click on the “Services” tab.
  3. Click on “Benefits Self Service.”

Tobacco Use and Health
Smokers Remain Unaware of the Health Effects of Smoking

Despite efforts to educate the public on the dangers of smoking over the past 40 years, a new national survey indicates knowledge gaps exist in what smokers believe to be true about the risks associated with smoking compared to the actual realities of tobacco-related disease and death. Experts believe that these misperceptions may prevent smokers from trying to quit and successfully using proven smoking cessation treatments.

According to the survey, while many smokers are aware that smoking can lead to serious health problems, including lung cancer, many underestimate the risk of getting the disease from smoking. For example:

  • 2 in 3 smokers underestimate the chance of developing lung cancer

  • 4 in 10 incorrectly believe that developing lung cancer depends on genes more than anything else

  • 1/3 of smokers think that exercise and vitamins can “undo” smoking effects

American Legacy Foundation news release Nov. 13, 2007. National survey conducted by the American Legacy Foundation and GlaxoSmithKline Consumer Healthcare, an industry leader in smoking cessation.

Tobacco Cessation Benefit

The university enhanced its medical benefits to cover the cost of a Tobacco Cessation Plan with Free & Clear, Inc. Quit for Life™ cessation program. This benefit is not tied to Open Enrollment. It is available at any time to all full-time Academic and Staff employees and their dependents 18 or older, even if they are not enrolled in an IU-sponsored medical plan. The plan is fully paid by the university.

To join the program or find out more, call 866.QUIT.4.LIFE (866-784-8454) or visit www.freeclear.com/iu.

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Page updated: 9 June 2008
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