USD 231 health insurance costs could skyrocket as much as 25 to 30 percent, district officials worry.
According to Eric Hansen, director of business and finance for USD 231, the district’s health insurance claims and usage continues to hover at 95 percent, which could justify a cost hike from the insurance provider, Hansen wrote in a memo to the school board.
Coventry has been the district’s insurance provider since 2003. In its negotiations with the provider, district officials have whittled down potential increases to 20 percent, and Hansen said they hope to reduce the rate increase even further to 10 percent.
Hansen’s memo warned board members to expect a renewal policy with higher deductibles, higher out-of-pocket maximums, higher co-pays and premiums. School officials have solicited bids on three occasions in the last nine years, and Coventry has always been the successful bidder. He also wrote that the district is not a very attractive client currently due to high claims usage.
The school board will likely consider a final proposal for employee health benefits during a meeting on April 18.