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Board hears insurance update: $22 million surplus, pharmacy costs driving long‑term trend
Summary
District consultants reported a health fund surplus and rising pharmacy spending; MMA specialists recommended targeted pharmacy management strategies and independent contract review.
District benefits consultants told the Santa Rosa County School Board on Jan. 16 that the district’s health fund ended plan year 2024 with an estimated surplus of about $22 million and that actuarial attestation to state solvency requirements is underway.
Presenters from Marsh/MMA said the district’s per‑employee budgeted funding for health benefits is $14,877 per year while plan‑year projections through November showed a projected cost near $11,789 per employee per year; the…
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