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Staff: health‑plan copay change and LOSAP returns reported
Summary
Staff described a change to a higher copay health plan with a 'difference card' to offset out‑of‑pocket costs and said premiums have been flat for two years; presenters also reported LOSAP returned 11.26% for the period.
Staff told the meeting they moved to a higher‑copay health plan for employees and introduced a 'difference card' that offsets the copay, a change they credited with keeping premiums flat for two years. "For 2 straight years, we've been flat for our insurance premiums for health insurance," staff said.
On retirement-related benefits, LOSAP performance was reported by a presenter at 11.26% for the period. Committee members discussed the LOSAP allocation and agreed to review any adjustments in the periodic portfolio review.
No policy changes to benefits were adopted at the meeting; staff indicated they will continue to administer the revised plan and report on participation and costs.
