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Board approves three-year extension with benefits broker Gallagher
Summary
The board approved a three-year extension with Gallagher (formerly Assured Partners); district staff said year one remains flat, year two includes a 5% adjustment, then rates will remain flat the final two years.
The board voted to approve a three-year extension with benefits broker Gallagher (formerly Assured Partners). Mary Robinson, introduced as the district's chief school business official, recommended the extension and described the financial terms: the first year will remain flat for the district, year two will include a 5% adjustment, and the final two years of the contract will remain flat.
"They're now Gallagher. They're formerly Assured Partners... They've agreed to keep year 1 flat, because since we're in the middle of a budget year and then we'll see a small 5% adjustment and then that will stay flat for 2 years," Mary Robinson said while recommending approval.
Board members asked for clarification and then moved to a motion to approve; the motion was made, seconded, and passed by roll call. District officials said the Gallagher team (named representation included Mike and Bonnie) will continue to manage insurance committee meetings and renewals for the district.
The contract renewal was presented as fiscally stable and intended to help manage rising health-care costs. The district did not provide the total dollar value of brokerage fees or projected district savings beyond the described year-to-year rate terms.
