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Insurance incentive on the table for school board
Litchfield.bz (05-15-19)


Another discussion about employee health insurance is expected at a meeting of Litchfield’s Board of Education on Wednesday.
 
The meeting will be held at 7 p.m. at Center School.
 
The school board is expected to consider a financial offer by the boards of selectmen and finance designed to keep the school board from leaving the town’s self-funded insurance pool administered by Anthem and hooking up with a fully-funded plan with ConnectiCare.
 
Selectmen and the finance board are offering the school board $50,000 out of the town’s $2 million insurance reserve to stay in the self-funded pool. The $50,000 would be divided among the school board’s 137 employees to make up for what they would save on premium costs in a move to ConnectiCare.
 
Should the school board accept the offer, it would be expected to work with the selectmen and the finance board in identifying potential insurance options that would be acceptable to everyone.
 
The school board voted in March to leave the self-funded pool and go with ConnectiCare in 2019-20, a move that would save the board a projected $141,225.
 
The savings, however, would be nearly offset by a projected increase of $139,882 in insurance costs for the 34 municipal employees remaining in the pool. Under the arrangement, the town would see a net savings of $1,342, an amount selectmen and the finance board say hardly justifies the school board jumping ship.