HUNTERTOWN — The Northwest Allen County Schools Board of School Trustees voted unanimously to renew the corporation’s health insurance plan during a July 29 meeting. Changes to the plan are effective Oct. 1.
NACS Business Manager Bill Mallers said the district’s insurance investigative committee reviewed underwriting numbers with its advisor and third-party administrator earlier in July, which resulted in a recommendation to renew NACS’ self-insured plan with Parkview Signature Care and maintain Automated Group Administration as the district’s third-party administrator.
The renewal includes a 5% increase in health insurance premiums, as well as an increase in stop loss from $125,000 to $150,000. The stop loss was increased from $100,000 to $125,000 about four or five years ago, Mallers said.
“We’ve gotten to capacity size-wise,” Mallers said of the specific stop loss increase. “We’ve always been a little higher, it’s just not advisable to do it in a big jump, and this was kind of the best spot that our advisors thought we would land as we’re looking at our experience.”
NACS will also join the EyeMed vision network for benefits and coverage, with a fully insured vision plan.
The board also approved renewal of the district’s service agreement with insurance intermediary RE Sutton and Associates.