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Amid increasing health care costs, Liberty Hill ISD board of trustees voted to approve a $267,840 increased cost to the district's budget to cover the majority of employee health insurance June 15.
For the first time, Liberty Hill ISD employees enrolled in the state-sponsored Teacher Retirement System health insurance plan will pay a portion of their monthly premiums. Under the new structure, the district will contribute an additional $20 per month per employee, while employees will pay $17 per month.
The breakdown: LHISD currently pays a little under $5.9 million annually to cover employee health care coverage for its 1,008 employees. On a monthly basis, this cost amounts to $484 per employee.
However, the new monthly rate of TRS coverage has increased by $37 to $521, which would amount to an annual increase of $492,720 in the district’s health care spending.
Some context: The cost of health care has increased by $4 million in the last five years, according to LHISD documents.
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