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Board approves HSA deductible increase after insurer offers temporary coverage for excess costs
2809123 · March 28, 2025
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Summary
The district moved its HSA deductible to comply with IRS rules for embedded family plans and secured insurer/consortium support to cover overage costs during the transition so employees will be 'made whole.'
The HILLSBORO R-III Board of Education approved a revision to the health savings account (HSA) plan deductible to meet IRS minimums for a plan with embedded family coverage. District staff explained the change was necessary to maintain compliance and described an arrangement with the insurance consortium to cover employee expenses above…
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