“In anticipation of the expected funding deficit for the 2023-2024 plan year, each TSHBP member school district will be required to make an additional contribution of $150 per month per participating employee starting May 1, 2024.”
Sources tell us the TSHBP claim forecast was $70 million for 2023-2024 but now TSHBP projections indicate a total claim spend of $93.6 million, inclusive of run-out claims.
Last year’s TSHBP renewal warned member districts rates may not hold through the year.
What will member districts do? We’ve been told they have until May 31, 2024 to decide. Seeking alternatives in such a short time period will be challenging. Hopefully member districts will receive their TSHBP renewal offer before then.
Failure to give notice of termination locks them in for another year. That’s the perception. The good news for districts who fail to give notice of termination in time is they can terminate without penalty after the deadline if they know how.
The TSHBP is a Texas risk pool for public school districts.
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61 Texas School Districts Scrambling To Find Health Insurance? (Continued)
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