District Faces 17% Premium Increase
District Avoids Massive Employee Premium Increase
Recently, a school district with 160 full time employees was facing a 17% total premium rate increase.
Employees were paying $100 dollars per month, and the school district was paying $735 dollars per month, totaling $835. The district obtained traditional quotes, and not one carrier was willing to beat the proposed increased pricing. If this district didn’t sign with NACRF, each employee’s monthly contribution would have soared from $100 to $242 per month.
NACRF representatives thoroughly evaluated the case and provided a winning solution. Teacher contributions were reduced to $15.95 per month! The district kept the SAME provider and INCREASED its level of benefits. Also, NO rate increase for two years. The school saved $565,000. It’s always great to save people money, but the best part is reducing out of pocket expenses for hard working educators.
This victory is only one example of what can be accomplished with NACRF’s high level of expertise and benefits plan management.