High health insurance claims have put Vermilion Parish School Board in financial pinch
Wed, 10/07/2015 - 8:54am
Shaun Hearen
The Vermilion Parish School Board has a unique health insurance policy that may run them broke if they don’t stop the bleeding.
The school system is self insured up to $175,000 per claim when it comes to providing health care insurance for its employees.
What that means is that after an employee reaches his or her deductible, the school system will pay the rest of the medical bill, up to $175,000. The school system has its own health insurance plan that pays all claims that are larger than $175,000.