Quartz’s switch to health insurance saved the Baraboo school district $ 1 million in just one year, according to a report released Monday.
The school board dropped out Dean as a health insurance provider in 2019, opting for a high deductible plan via Quartz combined with The Difference card, which offsets co-payments and deductibles to make them affordable for members. The savings were then estimated to be at least $ 1.31 million over a three-year period.
A report shared with the school board showed that the district’s actual premium in the 2019-20 school year was just over $ 3.86 million, more than 20% lower than nearly of $ 4.86 million he would have paid as part of Dean’s plan. The premium was approximately $ 207,000 less than expected and $ 422,000 below maximum cost.
âIt has been an exceptional year,â said Dan Lewison of Don-Rick Insurance, the district insurance agent. âThe district has been very, very successful with this program (and) continues to do so. “
Currently in the second year of the Quartz contract, the district premium is expected to be $ 4.25 million. Lewison said claims fell last spring due to COVID-19, bringing them “well below expectations or the maximum.”