School Districts Continue to Benefit from CSD Insurance Trust

In times of rising insurance and overall healthcare costs, members of the CSD Insurance Trust are enjoying low premiums, a low loss ratio and a strong emphasis on employee wellness that is leading to healthier employees.

For the year beginning October 1, the CSD Insurance Trust saw a 1.8 percent increase in annual premium, a figure dramatically lower than the national average. Nationally, insurance plans recorded a 5.6 percent annual premium increase through the end of June. The low premium increase is attributable to the Trust’s low loss ratios in recent years.

The Trust’s loss ratio for the period ending September 30 was 83.9 percent, a figure that held steady from the previous year. This signifies an established pattern of low loss ratios that is benefiting CSD Insurance Trust districts and members.

The loss ratio includes both the insured plan and the Health Reimbursement Account (HRA), which is self-funded. Contributing factors to the low loss ratio include a decrease in the number of high claims and a strong investment in wellness. The HRA has encouraged more participants to take part in preventative health measures, which has benefited the loss ratio as well.

The Trust’s focus on participant wellness will be strengthened even further going forward. Thanks to funding from Anthem, our new insurance provider, we have hired a full-time wellness coordinator who is an employee of CSD. This provides valuable continuity for our wellness program, as our new coordinator will focus on the individual wellness needs of each member district and help customize programs that meet the needs of employees.

It’s an exciting time to be part of the CSD Insurance Trust, and we offer an affiliate program that allows school districts to benefit from some of our services without becoming a full member. If you are not a Trust member but would like to learn more about our program, please contact Steve Keyser at skeyser@csd.org or (314) 692-1266.