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District reviews health-insurance exposure after excess claims; looks to pooled plans
Summary
After more than $1 million in excess medical claims under a self-insured arrangement, district staff are evaluating pooled insurance options including CVT and CalPERS and plan to make a recommendation by spring.
District staff told the board Feb. 12 they are reviewing the district’s employer-sponsored health plans after claims exceeded premiums under the district’s self-insured arrangement, creating a liability the presentation described as "over a million dollars" in excess claims.
Why it matters: Employee health benefits represent a major operating cost and liability. The board heard that continuing in a self-insured model would leave the district exposed to volatile claim experience; staff said pooled insurance arrangements are…
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