"Our policy currently provides health insurance for qualifying staff members where we pay for their health insurance until they turn 65," Abrams said.
He said the district pays the full health insurance costs for qualifying employees the first year after they retire. After that, they pay for any increases.
"If the premiums go up next year, they would pay the difference in the cost," Abrams said. He said, for example, if the cost were
The new insurance provider,
"That provider typically has a pool for retired employees and a pool for the current staff. And they made an exception for us while we go through the transition," Abrams said. That means the district currently is allowed to continue the program, but Abrams said he doesn't know how long the
"We're going to have to work with the insurance company to come up with a plan that they're agreeable to and that we're agreeable to," Abrams said.
At the LCSD2
The board can take action on the suggestion at its regular meeting on Monday.
Abrams said about two or three people in LCSD2 take advantage of the current policy each year. "But it potentially could impact a lot of people that are in that window but have chosen not to retire yet but may choose to if a significant change were to be made.
"If you were going to get your insurance at no cost in that initial year, and you look at the pool and it's going to cost you
He said that dollar amount might not be the actual cost, but it will be significantly more expensive for the retirees.
"It's something that needs to be reviewed," Abrams said.
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