ITEM NUMBER: 6.D.
School Board Regular Meeting
- Meeting Date:
- 05/03/2021
- Prepared By:
- Tom Sager
Item Type:
Action
Subject:
Establish Rates for 2021-22 Self-Insured & Voluntary Dental Programs
Background:
Mankato Area Public Schools recently received renewal information for the self-insured dental program administered by Delta Dental of Minnesota. Attached is a summary report detailing the current financial status of the self-insured dental program. Below are the recommended renewal rates as determined by National Insurance Services (NIS) and the District’s Employee Insurance Committee. This represents 5.8% on single and 5% on family coverage increase to dental rates for the 2021-22 year. This is the first rate increase to the District’s dental plan in the past three renewal cycles.
Single $38.50
Family $95.50
A voluntary dental program has been implemented to provide optional dental insurance benefits for employee groups that previously did not have access to group dental insurance plans. There is no employer contribution to the plan. The Voluntary Plan is a fully insured plan with rates guaranteed through 6/30/23, and will remain at current levels.
Single $34.32
Single + 1 $70.42
Family $113.20
Single $38.50
Family $95.50
A voluntary dental program has been implemented to provide optional dental insurance benefits for employee groups that previously did not have access to group dental insurance plans. There is no employer contribution to the plan. The Voluntary Plan is a fully insured plan with rates guaranteed through 6/30/23, and will remain at current levels.
Single $34.32
Single + 1 $70.42
Family $113.20
Recommended Action:
The administration recommends approval of the Delta Dental of Minnesota self-insured & voluntary dental program bid, as described.