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Board briefed on joining Florida Educator Health Trust to pool insurance risk
Summary
Staff recommended a participation agreement to join the Florida Educator Health Trust (Fleet), which would pool the district’s ~1,400 active employees with about 44,000 lives statewide; staff said Fleet charges $22.25/member/month and projects multi‑year savings but warned of an estimated $7.1M projected increase in health‑fund expenditures absent offsets and emphasized stop‑loss and pharmacy rebid strategies to mitigate costs.
Staff presented a proposed participation agreement to join the Florida Educator Health Trust (Fleet), a multi‑district health trust that pools member districts to improve purchasing power and offer risk‑sharing for stop‑loss insurance. Staff described Fleet’s governance (board of trustees composed of superintendents or designees), a per‑member administrative fee of $22.25 per active employee per month, and an expected timeline to begin fees April 1 so Fleet benefits can be leveraged before August open enrollment.
Staff said data from existing…
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