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Levy board approves voluntary benefit rates and a 14% health-premium increase; employees to pay $10/month of employee-only increase
Summary
After a benefits presentation detailing claims experience, the Levy County School Board approved recommended voluntary benefit rates and a proposed 14% increase to health insurance premiums; staff said the district expects about $400,000 in additional board-paid costs and negotiated a $10-per-month increase for employee-only coverage.
The Levy County School Board approved rate recommendations for voluntary benefits and a proposed 14% increase to the district’s health insurance premiums after staff explained the district’s claims experience and insurer proposals.
A benefits presenter told the board there would be no increase to basic life, the Texas Life portable policy, hospital indemnity, Aflac (cancer and accident coverage) or long-term disability, and no increase to vision HMO plans. The presenter said the PPO plan showed a 6.44% increase, but after…
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