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Montgomery ISD trustees hear in-depth benefits briefing as medical claims drive renewal risk
Summary
Consultants told trustees the district's medical and pharmacy claims have trended above premiums, pushing loss ratios high and creating the prospect of double-digit premium increases; the district plans to go to market and consider two-year guarantees and other carriers.
Montgomery Independent School District trustees heard a detailed briefing March 18 on employee health benefits that showed rising claims and the potential for sizable premium increases when the district negotiates a renewal.
John Ledbetter, benefits consultant with Higginbotham, told trustees that enrollment and claims trends have produced elevated loss ratios since the district moved to Blue Cross Blue Shield. “Last year the loss ratio was 127%,” Ledbetter said, adding that Blue Cross had sought a 35% increase before the…
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