Director outlines insurance shortfall, potential shift to state health plan
Wilson County's Director of Schools said year-end insurance shortfall is smaller than previously reported and outlined steps — including possible transition to the state health plan — to stabilize the self-insurance fund and employee premiums. He gave figures for the revised deficit and projected revenue impacts.
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The Director of Schools reported the district's insurance fund shortfall is smaller than earlier estimates and described steps the district will take to stabilize benefits funding. "When we did the close of books, it came out to be 2,400,000," the Director of Schools said, adding that midyear employee deductions will add about "an additional 1,100,000" and that an increase in the district contribution from "$8,615" to "$9,615" should generate roughly "$3,400,000."
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