IU workers to see spike in health insurance costs

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Indiana University employees will pay up to 10 times more than they've paid in 2011 for health insurance next year, depending on how much they earn and what plan they choose.

Vice President and Chief Financial officer Neil Theobald told The Herald-Times that premiums continue to rise and the university cannot continue matching the amount of the increase.

University spokesman Mark Land says the top 10 percent of earners will bear 21 percent of the premium increases. Some low-earning employees who choose IU's highest-deductible plan won't see an increase if they participate in a medical savings account and receive a university contribution to that account.

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