USI urges uniform plans and multi‑year commitments to stabilize Northern School District Trust

Raeanne Beaudry, senior vice president and partner at USI Insurance Services, told the Solon Springs School District committee on April 13 that the Northern School District Trust needs structural changes to avoid financial instability and wide year‑to‑year rate swings. USI recommended mandatory multi‑year membership commitments, a single stop‑loss deductible for all members, two standardized plan designs and tighter controls on cash‑in‑lieu and reimbursement accounts.

The recommendations aim to align the trust’s working agreement with its governing trust documents and to stop what USI described as a “death spiral” where districts leave when they can find cheaper coverage and return when they need subsidization. "We were gonna seek time commitments of at least 3 years for all members," Beaudry said, adding that some new…