Richmond School Department Finance Committee Agenda April 2026
MEA Benefits Trust health insurance rate increase update
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Description
The Richmond School Department finance committee reviewed updated health insurance information from MEA Benefits Trust, noting an 11.29% increase in health insurance rates for the July 1, 2026 plan year. This rate will impact the district’s personnel and benefits budgeting across multiple cost centers.
Contract Details
Vendor
MEA BENEFITS TRUST
Agency
Richmond Public Schools, ME
Contract Type
INSURANCE
Document Date
April 7, 2026
Contract Term
For the July 1, 2026 plan year
Renewal Date
2027-06-30
Renewal Info
Health insurance coverage continues into the July 1, 2026 plan year with an 11.29% rate increase established by the MEABT Board of Trustees.
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