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DeSoto joins originating members of new Fleet Florida Educator Health Trust to enable district risk sharing
Summary
DeSoto County School Board heard a presentation April 8 on joining a new Fleet Florida Educator Health Trust that will let Florida school districts risk-share health costs; the board approved routine agenda items and the superintendent is authorized to sign participation documents next week.
Darren Brown, an Avail representative, told the DeSoto County School Board on April 8 that DeSoto is one of three originating districts helping create Fleet Florida Educator Health Trust, a new structure intended to let Florida school districts share health-plan risk.
Brown said Fleet will be owned by FADs and that the trust will allow districts that choose to join to participate in a risk-sharing captive. "It's kind of hard to explain where we are in this except for, 'yay, big time,'" Brown said, adding the captive will operate like a balance sheet to move money in and out to pay claims.
The presentation described a transition period in which the district will continue sending funding to its current administrator, identified in the presentation as Fship (also mentioned as FISVET/FISBET in discussion),…
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