Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board approves 3% increase to employee medical premiums, approves insurer change recommendation
Summary
After a benefits presentation, the board approved a 3% increase on medical insurance premiums and heard staff recommend switching plan administration to gain pharmacy rebate flexibility and better reinsurance pricing; the board discussed telehealth savings.
The Brainerd School Board approved a 3% increase to the district’s self-insured medical insurance premiums at its regular meeting Tuesday and heard a recommendation from the district’s benefits consultant to transition plan administration to a new vendor to improve reinsurance pricing and rebate returns.
Representatives from National Insurance Services (NIS) summarized the district’s claims experience and recommended a modest premium increase to address medical trend and administrative costs. "When we trend those claims forward ... our recommendation at NIS is a 3% increase on our medical insurance premiums," said Marci Lord…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
