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Brown & Brown recommends higher out‑of‑pocket cap to lower Rapid City schools’ 2025‑26 medical premium increase
Summary
Benefit consultant Brown & Brown presented a renewal analysis recommending a change to plan design (higher individual and family out‑of‑pocket maximums) that would reduce the district’s projected 2025‑26 medical funding increase to about 5.5% and limit the district’s additional cost to roughly $713,000.
Brown & Brown’s financial executive Scott Johnson told the Rapid City Area Schools board the district’s self‑funded medical plan was running slightly above expectations year‑to‑date and presented three funding options for the 2025‑26 plan year, recommending a plan‑design adjustment that raises the maximum out‑of‑pocket cap and lowers the projected premium increase.
“The plan is basically running at a 104.2% of contractual expected,” Scott Johnson said during his presentation. After adding three months of claims experience that were favorable, Brown & Brown revised an initial projected funding increase from 7.7% down to 6.6% if no plan‑design changes were made. The firm’s recommended alternate—raising the plan’s…
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