Insurance shift expected to save Altoona school district $300K [The Leader-Telegram, Eau Claire, Wis.]
| By Andrew Dowd, The Leader-Telegram, Eau Claire, Wis. | |
| McClatchy-Tribune Information Services |
The switch to a high-deductible plan for teachers, custodians and clerical employees -- who are in the middle of their current contracts -- was agreed to at Monday's school board meeting.
"We're just happy all the groups came to the table voluntarily," schools Superintendent
Teachers had been looking at potential health insurance changes for the past year, school board President
"We work very well with our teachers," she said. "All of us wanted to look at options to keep money in the classrooms and support the excellent teachers we have."
Drawbert credited teachers with approaching the administration on ways to save money on insurance.
The district is beginning to draft its budget for the upcoming school year, and Biedron said the
"That money would have had to come from somewhere," she said.
The district adopted a high-deductible insurance plan coupled with health retirement accounts. The district will deposit money into the accounts to help cover employees' deductibles, but the money cannot accumulate like a savings account.
"The employee doesn't keep the money," Biedron said.
The district will cover most deductible costs, Biedron said, leaving employees with out-of-pocket costs of
Employees' share of premiums will not change, as it is modeled after the 12.5 percent contribution included in last summer's Act 10 approved by the state.
The school district previously had a traditional health insurance plan with
Teachers still have another year left on their current contract. Custodians and clerical staff have two years before their contract expires.
While the three unions agreed to the health plan changes Monday, Biedron said they apply to all 200 district employees.
Biedron started her job Monday, following the retirement of Superintendent
Dowd can be reached at 715-833-9204, 800-236-7077 or andrew.dowd@ecpc.com.
___
(c)2012 the Leader-Telegram (Eau Claire, Wis.)
Visit the Leader-Telegram (Eau Claire, Wis.) at www.leadertelegram.com
Distributed by MCT Information Services
| Wordcount: | 371 |


Advisor News
- Can your advisory firm survive without you?
- I started using AI, but what now?
- How to support an entrepreneur client with multiple businesses
- Could a narrower focus help grow your practice?
- U.S. debt hits $40 trillion: how to support concerned clients
More Advisor NewsAnnuity News
- Solen Software Group Acquires Cooperative Technologies, Provider of 1035 Exchange and Annuity Replacement Software
- MassMutual Expands Lending Options With New Secured Credit Line
- Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
- Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
- IMOs get frustrated with slow carrier adoption of faster technology
More Annuity NewsHealth/Employee Benefits News
- Patients demand access to prescription drugs but need support
- Oscar Health Inc. (NYSE: OSCR) Makes an Unexpected Move During Monday’s Session
- Benefit sustainability, affordability challenge employers
- Transparent Medicare Advantage guidance: Putting consumers first
- Legislators hear report on thin hospital margins, advance prior authorization reform
More Health/Employee Benefits NewsLife Insurance News