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Board weighs Anthem deductible increases against joining Local Choice as health-insurance costs rise
Summary
Facing a projected ~28% increase in health-insurance costs staff presented two paths: remain with Anthem but raise employee deductibles (proposed $1,000 single / $2,000 family) to save ~$600,000, or move to the Local Choice (TLC) pool which offers smaller immediate savings but could impose an exit penalty (~$1.2M); staff sought board direction and public input was scheduled.
Petersburg City Public Schools staff asked the board for guidance on how to manage a sharp projected increase in health-insurance costs for FY27.
Administrators told the board the division will absorb the roughly 28% increase for the coming year but warned that continuing to absorb sharply rising premiums is not sustainable long term. Staff presented two options developed with consultant analysis: (1)…
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