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Eau Claire Area Board approves insurance renewal, sets employee premium increase for July 1
Summary
After a presentation on a string of high stop-loss claims and specialty drug costs, the Eau Claire Area Board of Education approved an insurance renewal and set employee premium increases to begin July 1, voting unanimously among members present.
The Eau Claire Area Board of Education voted to approve the district's annual health insurance renewal and set employee premium increases to begin July 1, following a presentation from district staff on a surge in stop-loss claims and specialty drug costs. The board voted yes on the motion during a roll call that concluded the discussion.
The administration, represented by Dr. Elworthy, told the board the district has seen 30 claims against its stop-loss insurer so far this calendar year and that the insurer funded about $2,653,000 in medical procedures. "Right now, our renewals are... higher than they are," Dr. Elworthy said while walking the board through year-to-date claims and a forecast showing the district could overspend roughly $3,100,000 on a January–December basis. To manage…
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