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Lee's Summit district forecasts 10.66% rise in health claims, will shift stop‑loss to Symetra
Summary
District finance staff told the Finance Committee the self‑funded insurance plan expects about a 10.66% increase in claims next plan year, the district plans to cover roughly 80% (about $2.3 million) of that rise while employees would absorb roughly $725,000, and staff recommended switching stop‑loss coverage to Symetra to reduce administrative costs.
Dr. Herzog, the district finance presenter, told the Finance Committee on Sept. 22 that the Lee's Summit R‑VII self‑funded health plan is projecting "about a 10% little over 10%, 10.66% increase" in claims for the upcoming plan year and that the district has accounted for much of that cost in current budgets.
"Of that increase, the district is planning and and has budgeted for funding 80% of that increase," Herzog said, citing roughly $2.3 million the district would absorb and…
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