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Board approves Security Health renewal with HRA to blunt large premium increases
Summary
The 3 Lakes School District board approved a renewal with Security Health for 2024–25 after staff described a plan that raises plan deductibles while using a district-funded health reimbursement arrangement (HRA) to keep employeeseffective costs close to prior years and reduce district premiums by about 5%.
The 3 Lakes School District board voted to contract with Security Health for the 2024–25 plan year after staff and finance lead Caleb walked the board through a redesign that mixes higher deductibles with a larger district-funded HRA.
Staff framed the decision as the product of a difficult market for school insurance renewals. Caleb told the board the district had faced double-digit renewal pressure earlier this year and that the recommended…
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