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New insurance options
Submitted by chrismyers on Sat, 02/20/2010 - 19:57
TPS's own numbers state they will save 8 million a year by switching from self insured to a managed care plan. While a managed care plan would not be for everyone, why not provide some traditional plans and manage plans. Of course there would need to be negotiations with the unions, but it can be a win win because the district would save money and the Unions could keep and save their jobs.
Estimated savings 3-8 million dollars a year depending on plans.
See http://www.ideasfortps.com/downloads/02insprop.pdf for the district numbers.
Many districts have found that requiring employees to pay a small premium for health insurance encourages employees already covered by a spouse's insurance to opt out of the district's plan. When the Norfolk, Va., district began requiring employees to pay $6 per month for a single person's basic coverage, about 700 employees dropped the insurance, saving the district some $1 million per year. Budget Director Steven Jenkins says those who pay the monthly premium (which can range to a high of $341 for a family's extensive coverage) lower their taxable salary -- and save the district another $550,000 a year in Social Security taxes. The Wallingford, Conn., school district has found another way to cut insurance costs. About 120 employees have agreed to forgo their coverage, according to the district, in exchange for checks amounting to 40 percent of the saved premiums. Savings to the district: about $500,000 a year.http://www.asbj.com/199805/0598coverstory.html