Lafayette School System employees may see a hefty jump in insurance premiums soon.
On the agenda for a special meeting set for 5 p.m. on Wednesday are two recommendations to increase premiums.
One recommendation would make the following changes:
Enhanced Plan Deductible for Individuals increase from $800 to $1,100 - Family from $2,400 to $3,300.
Basic Plan Deductible - Individual $950 to $1,200 - Family $2,850 to $3,600.
Blue Saver - no changes in the deductible.
All three plans will decrease from 80% to 70% for Co-insurance - Effective January 1, 2025.
Addition to accept Prudent RX recommendation from HUB with an annual projected savings of $612,199 effective July 1, 2024.
Require all Medicare eligible members to enroll in a Medicare Advantage Plan effective January 1, 2025.
And that there be a 10% premium increase to Enhanced, Basic and High Deductible plans effective July 1, 2024.
Here's the second recommendation:
5% premium increase to Enhanced, Basic and High Deductible plans for active employees
15% increase to Enhanced, Basic and High Deductible plans
Remove the retiree Medicare discounted premium effective July 1, 2024.
Enhanced Plan Deductible for Individuals increase from $800 to $1,100 - Family from $2,400 to $3,300.
Basic Plan Deductible - Individual $950 to $1,200 - Family $2,850 to $3,600.
Blue Saver - no changes in the deductible.
Plans will remain at 80% /20% for Co-insurance - Effective January 1, 2025.
Addition to accept Prudent RX recommendation from HUB with an annual projected savings of $462,199 effective September 1, 2024.
Also next week, the board will have a committee meeting at J.W. Faulk Elementary School to discuss plans for the school and for future projects.
Here's the agenda:
