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Agenda Plus
School Board of Clay County
April 6, 2023 - Regular School Board Meeting
Title
C25 - Renewal of Employee Benefits for 2023-2024
Description

As required by State and Federal Law, the Clay County School Board offers insurance benefits to all eligible employees and retirees annually. The Insurance Benefit Renewal document outlines the renewal process for all employee benefits for the 2023-2024 plan year (October 1, 2023 - September 30, 2024).

Gap Analysis

In conjunction with the Third-party administrator, the District and Insurance Coordinator met with all relevant vendors to negotiate 2023-2024 employee benefit renewals. UnitedHealthcare presented a flat renewal and no plan design changes. Lincoln, our life and disability carrier, presented a flat renewal with no plan design changes with a rate hold through September 30, 2025. Kemper, our medical gap carrier, renewed with no increase in premiums and no plan design changes. AFLAC, our voluntary workplace vendor, renewed with no increase in premiums and no plan design changes. Humana, our vision carrier, renewed with a 2% decrease in premiums and no plan design changes.  An RFA was presented to the committee for dental benefits.  Three vendors were reviewed and United Healthcare was unanimously chosen as our 2023-2024 dental provider.  United Healthcare, in comparison with our current dental provider, reflects a 10% decrease in premium. 

Previous Outcomes

Employee Benefits are part of the collective bargaining process and are negotiated annually through the District Insurance Committee. Based on the Insurance Committee's recommendations, the Board has maintained an Employee Benefits package that has complied with Florida Statutes and the Affordable Care Act.

*Premiums shown are an estimate since the plan year premium payment is not complete.

 

Insurance Plan

2022-2023

2023-2024

Estimated Cost Difference

AFLAC (A&I, Critical Illness and Whole Life)

$1,140,633.00

$1,140,633.00

$0.00

Lincoln (Life and Disability)

$1,349,088.00

$1,349,088.00

$0.00

Kemper Gap

$252,730.00

$252,730.00

$0.00

United Healthcare Medical

$36,302,428.00

$36,302,428.00

$0.00

United Healthcare Dental

$2,581,046.00 $2,333,380.00 ($247,666.00)

Humana Vision

$472,219.00 $462,836.00 (9,383.00)

 

 

 

 

 

 

 


 

 

 

 

 

 

 

Expected Outcomes

The Board is to approve the Employee Benefits Package per the Insurance Committee's recommendation. The district will continue to maintain a fully insured Employee Benefits Package as required by Florida Statutes and The Affordable Care Act.

Strategic Plan Goal

The district ensures fiscal responsibility & equitable distribution of resources.

Recommendation

That the Clay County School Board approves the renewal of Plan A Medical, Medical Gap, Group Term Life & AD&D, Supplemental Life & AD&D, Short and Long Term Disability, Dental, Vision, Accident and Injury Policy, Critical Illness, Whole Life, Flexible Spending Account, Health Savings Account and Plan B Coverages (Employees with no Medical Insurance), for the plan year October 1, 2023, through September 30, 2024.

Contact
Dr. Susan Legutko, Assistant Superintendent of Business Affairs, (904) 336-6721, Susan.Legutko@myoneclay.net
Financial Impact
AFLAC, Kemper, Lincoln, and UnitedHealthcare are renewing at no increase over the current cost and no plan design changes. United Healthcare Dental and Humana Vision are renewing with savings as described in above chart. All per-pay period rates are subject to collective bargaining.
Review Comments
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