Consultants warn school medical fund could dip below reserves by 2027; recommend contribution increases or plan changes
Segal consultants told the Senate Education Committee that current school medical-plan funding is adequate short-term but likely to fall below the committee—s 14% target reserve by 2027 unless district contributions or plan design change; they estimated the $300 minimum district contribution would need to rise to about $328 per enrolled participant to meet the 2027 reserve target.
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Segal consultants Patrick Klein and Matt Kersting told the Senate Education Committee on Sept. 6 that the state—s school employee medical plan is adequate in the near term but faces growing deficits over the five-year projection horizon.
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