The insurance committee, led by Human Resources Benefits Manager Joanne Fields, conducted an extensive review process to secure competitive insurance rates. The district, self-insured since 2000, benefits from the flexibility to set premium rates and adjust plan components based on employee needs. Joanne Fields emphasized the importance of maintaining a reserve balance to manage catastrophic claims, noting the district’s responsibility to cover claims as they fluctuate throughout the year.

The insurance committee’s recommendation to continue with United Healthcare was based on a comprehensive evaluation of bids from different providers. The decision to keep the existing plan structure stable, with no alterations to deductibles or out-of-pocket costs, was highlighted as a key outcome. Joanne Fields expressed pride in achieving a 7% increase, which is notably lower than the 10% to 15% increases observed in nearby districts like Eden Prairie and Edina. She highlighted that the district’s health insurance costs increased by only an average of 4.66%.

The discussion extended to dental insurance, with the committee proposing a 2% increase for the Delta Dental plan. This increase aligns with the historical average over the past 23 years. The meeting also touched on additional insurance offerings, including life insurance, long-term disability, and voluntary vision coverage, with rates secured until June 2027.

Board members engaged in discussions regarding the financial implications of claims on insurance rates. They explored challenges such as the impact of significant health issues and pharmacy costs. The conversation included strategies for managing these costs, such as the introduction of an international cost plan for pharmaceuticals, which offers members access to lower-cost medications. The board emphasized the importance of educating members on cost-effective choices to reduce expenses.

The committee’s work, which included a review of bids and claims data, was acknowledged as instrumental in informing the board’s decisions. The approval of the insurance rates and the choice of United Healthcare for administration and stop-loss coverage, along with Clear Script for pharmacy benefit administration, were passed with supportive votes from present board members.