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Treasurer reports medical claims up 30%; district watching $4 million fund balance
Summary
Treasurer Missus Roberts told the board that medical claims are running about 30% higher than last year, with $1.3 million in premiums collected and $1.6 million spent so far; the district retains about $4 million in the medical fund but is monitoring trends and plan costs.
Treasurer Missus Roberts told the Fairfield Union Local School District board on Oct. 20 that the district’s medical insurance claims have been higher this fiscal year and that staff are evaluating plan funding and future premium strategies.
Roberts said the district had collected roughly $1.3 million in health-plan revenue so far this year but had paid about $1.6 million in claims to date, an increase of approximately 30% compared with the same period…
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