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Board approves 4% reinsurance renewal, keeps $400,000 deductible for group health plan
Summary
The board approved a 4% renewal with BCS for the district’s reinsurance policy, retaining a $400,000 deductible and an experience-refund rider; motion passed after recommendation from consultant Jason Allman.
The Bossier Parish School Board approved a 4% renewal of its reinsurance policy with BCS at the July 17 meeting, retaining the district’s $400,000 self-insured deductible and continuing an experience refund rider the consultant said has returned premium this year.
Why it matters: The reinsurance covers catastrophic employee medical claims above the district’s $400,000 retention; changes in reinsurance terms affect the district’s exposure to extremely high-cost claims and the…
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