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St. Mary Parish board hears monthly group health insurance premium-to-claims report
Summary
District staff reported favorable May results for the district's group health plan: $1.1 million in premiums, $841,000 in claims, and a May loss ratio of 75.5%; year-to-date loss ratio remained under 81% and the 12-month running loss ratio was about 90%.
Mister Perez, a district staff member, presented the school board with the group health insurance premium-to-claims summary for May and year-to-date figures.
"As you'll see, again, we have another month of very favorable results with $1,100,000 in premiums and $841,000 of claims paid out," Mister Perez said. He reported a loss ratio of 75.5% for May and said the unadjusted year-to-date loss ratio was under 81%.
Perez told the board that the 12-month running loss ratio (June 2024 through May 2025) was about 90%, which he described as an improvement from the prior year. He noted that last year's adjustment for 2025 had been 2.4% and that current claims experience compared favorably to that benchmark.
Board members did not press follow-up questions in the transcript excerpt and thanked Perez for the report. No formal action or vote on the insurance report was recorded in the provided segment.
