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Board approves 2027 post‑65 retiree health renewal with lower premiums and plan split
Summary
Trustees approved a 2027 renewal that lowers district cost shares for post‑65 retiree plans and implements an administrative split of medical and pharmacy group numbers; district share drops from $72.61 to $53.56 for the base policy and the buy‑up member premium decreases.
District finance and benefits staff, joined by consultants, presented the 2027 renewals for post‑65 retiree medical and pharmacy coverage. Dawn, the benefits presenter, said the district will split coverage into a Medicare Advantage medical component and a standalone pharmacy group for administrative purposes while keeping member ID numbers unchanged.
Dawn summarized premium changes: the base premium representing the district plan will move from $145.22 to $107.12 and the district cost share will drop from $72.61 to $53.56; the buy‑up plan premium will change so that participating retirees' out‑of‑pocket share decreases to $1.49. She said the district did not conduct a market review this year because the district received an overall rate reduction and recent multi‑year changes had already been made.
Board members asked procedural questions (timing and location of the retiree enrollment meeting) and the board moved and approved the renewal. Staff said letters to retirees will be mailed on the 28th and an all‑retiree meeting will be held Oct. 12 with an open‑enrollment deadline of Oct. 19 for plan changes.
