Edwards-Knox Central School District rejoins health care consortium | Education

“Edwards Knox has asked to come back after leaving the company and they are welcome back into the plans.

The District’s return to the Consortium took effect on August 1st.

The Canton, Edwards-Knox, Ogdensburg, Madrid-Waddington, Huvelton and Morristown school districts have withdrawn from the plan. Morristown said he submitted notice by April 30, 2021, so he could finish the plan by July 1, 2022.

This leaves the consortium with 12 participating districts and the St. Lawrence Louis Joint Board of Education Services.

Brady said he learned at the consortium’s fourth-quarter meeting that the workers’ compensation and health insurance plans were in good financial shape.

Brady said this year’s workers’ compensation plan “ended with a rate adjustment of 0%, and that was good enough.” “He now has $2.44 million in debt, which is a 6% reduction from what he reported at this point last year. The good news is that the workers’ compensation plan is doing well,” he said.

“Last year we saw a significant drop in paid bills following the pandemic shutdown,” he added. “The return to normal is slow, but the 0% interest rate adjustment coming in the next plan year seems more than enough.”

The health insurance plan is on solid footing as well, he said, and said the plan has fully paid off the “deficiency claims” related to districts withdrawing from the consortium.

“They went out with a 3% increase this year, less than half the national rate of increase in health insurance rates. Unless something changes, it will continue for years to come,” Brady said. . “The plan has increased the fund balance by $12.1 million since the 2018-19 plan year, so the plan has reserves to face potential future increases in claims and a very reasonable premium rate. Funds have been set aside to ensure significant growth for the foreseeable future.”