5/23/11

I have heard the rumor that some BCSC employees only pay $1 a year for health insurance also. Is this true?

Your question was actually answered in a Grapevine post back in January of 2010. The short answer is no. Over the last three years administrators are either paying more for their insurance or they have a significantly reduced benefit. As a cost-cutting measure administrative health insurance benefits were reduced in both 2009 and 2010. In 2009, the insurance benefit for administrators for which the Board paid was changed to a higher deductible policy. This reduction in administrative benefits saved the school corporation over $80,000.

In 2010, the insurance premium paid by the Board for all administrators was frozen at the 2009 level. Then, because the insurance premium went up in 2010, administrators either chose to go to the highest deductible/HSA (Health Savings Account) plan, or they chose to stay with the same policy which requires that they pay the premium increase in the insurance benefit themselves. The savings because of this reduction in administrative benefits in 2010 was an additional $12,744.