LAFAYETTE, La. ( KLFY )– Lafayette teachers and retirees could soon see an increase in their health insurance premiums; this comes after a big decision by the Lafayette Parish school board Wednesday.
The school board voted to approve a five percent premium increase to insurance plans for active employees and a 15 percent increase for retired employees. The increase would go into effect on July 1, if approved in the budget.
There would also be an increase in deductibles, effective January 1, 2025. In addition, the board approved a district mandate for Medicare Parts A and B.
Retired educators packed the school board meeting, eager to hear the vote.
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“The salaries are not what they are in the private sector, and so insurance takes on a much greater importance,” former teacher Nancy Mounce said.
The health insurance premium increase comes on the heels of a deficit LPSS’s self-funded insurance program is facing.