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Board briefed on health insurance shortfall; district to raise employee premiums and use reserves
Summary
Superintendent and CFO outlined steps to stabilize the district's self‑insured health plan: a 5% employee premium increase, changes to prescription copays, use of reserves and a $800,000 employer contribution were explained to the board.
Germantown School District leaders told the board Tuesday they will increase employee health insurance premiums and modify plan cost sharing to stabilize a self‑insured benefits program strained by rising medical and prescription costs.
Staff said the district has not materially changed plan contributions in more than a decade and now faces higher claims, especially for specialty medications. For fiscal year 2025–26 the district proposed a 5% increase to employee…
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