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Insurance Committee Update August 19, 2014

Insurance Committee Update August 19, 2014. Voting Members from:. On August 6, 2014, the SKSD Insurance/Benefits Committee met to review proposals from various medical benefit carriers.

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Insurance Committee Update August 19, 2014

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  1. Insurance Committee UpdateAugust 19, 2014

  2. Voting Members from: On August 6, 2014, the SKSD Insurance/Benefits Committee met to review proposals from various medical benefit carriers. The Committee's mission was to ensure that our employees were being offered the most comprehensive and most affordable coverage. PSESEIUSKAPSKEADistrict & Non Rep Proposals from: RegenceGroup HealthMODAPremeraPEBB

  3. Why Premera? Annual Premium ExpensesFamily Coverage After Allocation $10,027 Virtually Identical Plans: Deductible: $1,000/$3,000Copays: $20 (R) $15 (P)RX Copay: $5 (R) $0 (P) Imaging Coverage: $500 (R) $1,000 (P) Coinsurance: 80/20Out of Pocket Maximum: $5,000/$15,000 (R)$4,000/$12,000 (P) Comprehensive coverage. Accepted by Harrison providers. Flexibility in physical and occupational therapy care. Sustainability due to rate stabilization amongst pool. Several benefit options. More affordable plans. $6,352 Regence Premera 1000 ECA $3675 Annual Premium Savings

  4. Tentative Implementation Timeline September 30thAll Employees Enrolled September 22-26Open Enrollment Labs September 15-19PremeraPresence September 11District "Cares Fair" September 1Open Enrollment Begins August 25Benefits Book Distributed August 21Nuts and Bolts Presentation August 20District Wide E-Mail"How Does Insurance Work?" August 19Board Presentation

  5. Questions?

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