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Northfield recommends 10% health premium increase; dental and health remain self‑insured with $125,000 stop‑loss
Summary
District finance director presented the internal service fund covering self‑insured health and dental plans, reported declining enrollment, recommended a 10% health premium increase and described stop‑loss coverage at $125,000 per member.
Val Mersdorf, director of finance, presented the district’s internal service fund budget on April 14, describing the accounts that pay for the district’s self‑insured health and dental plans.
Mersdorf said the district has self‑insured dental since February 2006 and self‑insured health since February 2012. She described revenues as premium payments (paid in part by the district, part by employees and by some retirees under contractual agreements), and expenditures as claims paid plus administrative fees. The district’s…
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