Tuesday, August 12, 2014

IMPORTANT TOPIC FOR EMPLOYEES TO BE FOLLOWING





On the Board agenda tonight is an item that was also discussed at the Benefits Committee Meeting last week.

Discussion of and Consider Approval of 2014-2015 Health, Drug, and Dental Employee Premium Share (90/10) with the Adjusted 6.8% Increase.

Our insurance consultants are advising an increase to premiums of 6.8%  The Board will be discussing this increase this evening.  The increase to employees is anywhere from around $2.00 to $9.00 depending on your insurance plan.  The estimated total increase to the health insurance premiums to cover claims, stop loss fees, and administrative fees based on the recommended 6.8% increase is about $860,000.   10% of the increase would be shared by the participating employees for an estimated total shared contribution increase of about $86,000. The additional cost to the District would be about $775,000.  I am recommending that your premium share remain at 10%.


These are important Board discussions.  I hope you will listen in.  The rising cost of healthcare is an ongoing concern to us all.

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