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City told IIIA trust saved about $4.2M and recommends 10% renewal budgeting
Summary
Megan Lockwood presented the IIIA annual report to Star council, reporting roughly $42.5 million in budget, ~124 agencies served, estimated program savings of $4.2 million, stop-loss impacts and a recommendation that agencies budget about 10% for renewals.
Megan Lockwood, representing IIIA, presented the trust's 2024–25 annual report to the Star City Council on Nov. 18 and urged continued participation in wellness and pharmacy programs that the trust credits with cost savings.
Lockwood said IIIA covers roughly 124 agencies across the state with more than 2,500 employees and about 6,400 members, and reported an annual budget "a little over almost 42 and a half million." She told the council the trust estimated program savings of about "$4,200,000" for the year, driven by pharmacy program…
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