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USI urges standardized plans, three-year commitments to stabilize Northern School District Trust
Summary
At an April 13 committee meeting, Ryan Bodri of USI Insurance Services recommended standardizing plan designs, equalizing stop-loss deductibles and requiring multi-year membership commitments to stop a destabilizing cycle in the Northern School District Trust; districts must decide soon to remain in the trust as vendors finalize rates.
Ryan Bodri, a senior vice president and partner at USI Insurance Services, told the Solon Springs School District’s committee on April 13 that the Northern School District Trust (medical, dental and vision) needs rapid governance and plan design changes to avoid what he called a “death spiral.” Bodri said discrepancies between the trust agreement and working documents had allowed some member districts to carry different plan designs and fund balances, which encouraged selective departures and re-entry that undermined the pooled program’s finances.
Bodri recommended several changes he said are necessary for financial stability: mandatory membership commitments of at least three years for current members (longer commitments for…
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