Lamar Consolidated ISD

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Lamar Consolidated ISD

• Insurance Committee Meeting
• Thursday, October 7, 2004

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Agenda

• Operation of the Insurance Committee for 2004-05
• Video-taping and Dissemination
• Available for viewing October 18th through
  November 19th
• Instructions for accessing will be emailed and
  sent in hard copy
• Introduction of the Membership
• Responding to Questions/Model
• 2003-04 Plan Year
• Estimated fund balance
• 2004-05 Projections
• Current Rate Structure
• Blue Cross Blue Shield
• Changes in Benefits for 2004-05
• Comparison to Other Districts
• Meeting Schedule
• Six meetings scheduled
• Items for Next Agenda

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Format for Questions
Lamar Consolidated ISD Insurance Benefits
Committee October 7, 2004 400 pm Questionnaire Qu
estion Why cant I drop my health insurance
coverage for me and or my family at any time I
want to?   Answer You may change your health
insurance coverage (except deductibles) during
the enrollment period prior to September 1
without a qualifying event. After September,
because the premiums are taken out pre-tax under
the IRS Code Section 125 (Cafeteria Plan), there
must be a qualifying event to make any changes.
Documentation for the qualifying event, from the
proper authority, must be given to the Employee
Benefits Department and the change form completed
before a change can take place. The IRS and not
the school district dictates the qualifying event
rules.   Qualifying Event 1.                  
Marriage, divorce, or legal separation of the
employee 2.                   Death of a spouse
or dependent 3.                   Birth, adoption
of legal separation of a child 4.                 
  Commencement or termination of the employees
or spouses employment 5.                  
Change of employment status of the employee or
spouse, i.e. full-time to part-time or part-time
to full-time 6.                   Unpaid leave of
absence taken by the employee or spouse.   This
list reflects the events specified by the IRS in
the proposed regulations, but is not
all-inclusive.
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Format for Questions

• ANSWERS TO THESE QUESTIONS WILL BE PROVIDED AT
  THE NEXT BENEFITS COMMITTEE MEETING
• DECEMBER 9, 2004
• PLEASE RETURN THIS QUESTIONNAIRE TO EMPLOYEE
  BENEFITS

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2003-04 Plan Year
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2004-05 Plan Projections
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2004-05 Plan Projections
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2004-05 Plan Projections
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Current Rate Structure
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Changes in Benefits for 2004-05

• District will contribute additional 20 per
  employee per month (538,030)
• Employees will contribute additional 10 per
  month (120 annually)
• First increase since 2000-01
• LCISD has absorbed ALL costs for past 3 years
• Change to prescription drug co-pay will range
  between 5-10 (5/18/30 to 10/25/40)
• No increase to office visits
• No change to dental plan

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Changes in Benefits for 2004-05

• LCISD employees have worked to keep insurance
  costs down
• 10 increase in claims projected for 2004-05 in a
  14 medical inflation market
• Overall fixed cost increase is less than 5
• No increase in administration fees (except for
  growth)/Remainder due to increase in stop loss
  administration

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Comparison to Other Districts
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Future Meeting Schedule

• Next meeting December 9, 2004
• Others scheduled
• January 11, 2005
• February 11, 2005
• April 7, 2005
• May 12, 2005