South Portland School Department Board of Education Minutes April 2025
MEA Benefits Trust Raises District Health Insurance Rates
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Description
The South Portland School Department reported that MEA Benefits Trust will increase district health insurance rates by 7.5%, exceeding the 5% increase budgeted and creating a $200,000 shortfall in the preliminary FY26 budget. The existing insurance arrangement continues while the Board adjusts its financial plan to account for the higher premium costs.
Contract Details
Vendor
MEA BENEFITS TRUST
Agency
Seboeis Plantation Public Schools, ME
Contract Type
INSURANCE
Document Date
April 7, 2025
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