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Employee benefit trust reports turnaround after high claims; trust plans targeted plan-design changes
Summary
Matt Stevenson, trust president, told the board the district's employee benefit trust recovered from a 2024 deficit after operational and vendor changes, reported improved reserves and discussed potential plan-design options to lower future costs; no immediate contract changes were approved.
The Huntington County employee benefit trust reported improved finances to the school board at the March 9 work session after a difficult 2024.
"We were at a 108% loss ratio, and about a $550,000 deficit in 2024," said Matt Stevenson, the trust president. Stevenson told the board that after switching administrators and plan design changes the trust reported about a 90% loss ratio and a surplus of roughly $680,000, and that checking-and-savings balances have increased (Stevenson cited an approximate $1.3…
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