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Feb 7, 2019

Legislative Update Feb 7, 2019, 3:40pm - NMPSIA Rates for 2020 - NMASBO Chris Parrino


Hi All,

As NMASBO Representative on the NMPSIA Board I am sharing the rate increases for FY 2020.  I am sure you are aware that last year NMPSIA did not pass on as large an increase as was intended and reduced it to 4% increase for Medical and no increase for Dental.  As such NMPSIA continues to have it's fiscal responsibility to improve it's insufficient fund balance.  We have done our best to manage this challenge and yet minimize the increases to Employees, Districts and Charters.  Please note the reason for a difference in percentage increase for the Medical Low Option has to do with ACA Compliance. 

That being said:

Medical and Dental: October 1, 2019:

5.9% Increase in Medical High Options and EPO plans
3.1% Increase in Medical Low Options
5.0% increase in Dental Plans
No Change to Vision

Risk: July 1, 2019:

2.45% Increase in Risk Premiums

I hope that having this information now is helpful to you as you plan your budgets.

Regards,

Chris Parrino
Business & Finance Director
Montessori of the Rio Grande Charter School
1650 Gabaldon Dr. NW
Albuquerque NM 87104
Phone: 505-842-5993, Ext. 101
Cell:  505-450-8176
Fax:   505-242-2907
cparrino@mrgcharter.org

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