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Pulaski school leaders say insurer concessions and plan changes put health fund back on track; reserve policy recommended
Summary
School leaders reviewed RFP responses and said renegotiation with Anthem and modest plan-design changes (a $500 deductible on the high plan and raising the HSA deductible to $2,000) reduced the renewal cost and put the fund near break-even; consultants recommended adopting a formal reserve policy.
Rob Graham, superintendent of Pulaski County Public Schools, told board members an outside consultant and one insurer negotiated sharply lower renewal costs after the district received three RFP responses, including Anthem and two proposals with Jefferson Health Plan reinsurance. "Innovative Insurance and Sam have been fantastic," Graham said, praising the negotiation work that produced meaningful reinsurance relief.
Sam, the school system’s insurance consultant, said Anthem’s initial renewal proposal had been roughly an 18% increase. After using competitive bids as leverage and pressing Anthem on reinsurance, he said Anthem produced successive revised proposals and ultimately reduced reinsurance charges by roughly $560,000 compared with its original request. "I think I can get the reinsurance," Sam said of his follow-up negotiations.
Why it matters: The reductions, plus plan-design changes the committee agreed to, moved the account from a projected loss toward a small surplus and restored the prospect of…
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