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Petersburg staff recommend switching health insurer; board to take up formal approval in September
Summary
Consultant and staff presented three-year renewal history and recommended returning to Anthem (Blue Cross Blue Shield) to limit a proposed 18% Sentara increase; the board will receive a formal recommendation for vote at the Sept. 3 meeting.
Petersburg City Public Schools staff and their benefits consultant presented an overview of the district's three most recent health‑insurance renewals and recommended moving health coverage back to Anthem Blue Cross Blue Shield to avoid a steep premium increase proposed by Sentara.
Why it matters: The district's insurer renewal this year was driven by a jump in claims. The consultant told the board Sentara's proposed renewal for the coming year was just under an 18% increase, driven by a 107% loss ratio and eight members exceeding a $150,000 pooling limit. Anthem's quote was reported as roughly a 10% increase, which aligns with the…
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