Seems the tax payers of The Port Washington-Saukville School District will save over a million dollars.
Health insurance changes to net big savings for school district
WRITTEN BY BILL SCHANEN IV
WEDNESDAY, 21 MARCH 2012 19:23
PW-S officials consider changing carriers, plan to cut cost by as much as 21%
The Port Washington-Saukville School District may be able to save nearly $1 million by switching health insurance carriers and making relatively minor changes in the plan it offers employees, a consultant told School Board members Monday.
Hays Companies, an insurance and employee benefits consulting firm hired by the district, presented preliminary bids from four insurance providers showing that the competitive bidding process alone will save the district money.
For instance, WEA Trust, the longtime provider of insurance for the district, initially told school officials to expect an 8% increase in premiums this year. But when the company was informed the district was shopping for insurance, it revised its proposal to show a 3.3% decrease in the premium, Sara Hames, vice president of employee benefits for Hays, said.
“This decrease was due to competition alone with no changes in the plan,” she said.
A 7% decrease in the district’s total $5.27 million annual health insurance premium would result in a savings of $368,993.
The district can double, possibly even triple, that savings if it makes minor changes to its insurance plan, Hames said.
Read more at the Ozaukee Press.
So the teachers union insurance company (WEA TRust) goes from a 8% cost increase to a 3.3% cut in costs! Where were they before Walker’s ACT 10? They overcharged school districts and tax payers. Do you really want to get rid of Scott Walkerand the republicans leading this state.