University of New Mexico Union Warns of Rising Health Insurance Premiums

The faculty union at the University of New Mexico has raised concerns over a proposed 13.1% hike in health insurance premiums, warning that it could negate wage increases for the next academic year. Incoming union secretary Jennifer Jordan highlighted the financial burden, particularly for single parents and those with additional dependents. She noted the difficulty in affording these rising costs, underscoring the challenge faced by many faculty members balancing personal and professional responsibilities.

Union officials are advocating for the university to align its policy with other state employees by covering 80% of health insurance premiums. Currently, the university's contributions vary between 60% and 80%, contingent on employee salaries. Faculty union secretary Jessica Goodkind emphasized the disparity, pointing out that recent legislative benefits for K-12 employees did not extend to university staff. This financial imbalance is a focal point in ongoing union negotiations aimed at achieving more equitable coverage for all university employees.

University spokesperson Ben Cloutier stated that the premium increase responds to national insurance trends, reaffirming UNM’s commitment to balancing competitive benefits with fiscal responsibility. The university's contribution to employee health insurance will also rise 13.1%, resulting in nearly $9 million in additional expenses. With a 1% state-authorized salary increment for public employees, the union warns this increase may not balance the financial impact of higher insurance costs. Current surveys indicate that about one-third of full-time faculty could face financial challenges under these new adjustments.

Presently, a faculty member earning $90,000 annually pays $319.45 monthly for an individual plan under UNM's LoboHealth system, with costs expected to rise to $361.30 next year. Additionally, employees covering dependents will also see increased costs. Goodkind emphasized that those with family plans would experience the greatest financial strain. The union is determined to address these disparities in ongoing contract talks with the university, seeking to ensure fair and sustainable health insurance solutions for all faculty members.