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MCPS CFO says negotiated health-plan changes and drug-contract savings aim to restore benefit solvency
Summary
Chief Financial Officer Yvonne Alfonso Windsor told the Fiscal Management Committee that a mix of employee cost sharing, drug-contract renegotiation and vendor fee holidays should move the district back toward solvency for its employee benefits fund over the next three years.
Yvonne Alfonso Windsor, chief financial officer for Montgomery County Public Schools, told the Fiscal Management Committee on Sept. 17 that the district expects negotiated changes to health-plan arrangements and pharmacy contracts to improve the solvency of the employee benefits fund beginning in fiscal 2026. She said employees will take on an additional 1 percentage-point cost share starting in January, which the district projects will raise approximately $2.9 million in FY26. "We negotiated last year that the employees are gonna pay 1% more," she said.
CFO’s projections and negotiated savings: Alfonso Windsor said MCPS negotiated with pharmacy vendors and its insurer to reduce prescription costs and administrative fees. She…
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