Shelby County Schools Insurance Explained for Students and Families

Shelby County Schools offers a student accident insurance plan to protect students from medical expenses resulting from accidents during school activities. This plan is optional and can be purchased by students and their families.

The plan covers expenses such as doctor visits, hospital stays, and surgeries. It also covers expenses related to physical therapy and rehabilitation. The plan has a maximum benefit amount of $50,000 per accident.

Students can purchase the insurance plan at the beginning of each school year. The cost of the plan varies depending on the student's age and grade level. The cost for the 2022-2023 school year was $25 for elementary students and $35 for middle and high school students.

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The district received seven bids for life insurance after the first bid from MetLife was deemed too expensive.

Superintendent Dorsey Hopson will bring options to the district in November.

The school board will weigh in on which contract to choose and what the rates will be, with a committee that includes retirees.

The district can cancel the contract with 30 days' notice, which was approved in August at a cost of $7 million more than the previous year.

Hopson will bring a recommendation to the board at the November meeting, which is when employees and retirees will finally know their rates for next year.

There are several types of insurance to consider, and understanding the differences can help you make informed decisions about your coverage.

Health insurance is a type of insurance that helps cover medical expenses, with average annual premiums ranging from $5,000 to $15,000 per person.

Life insurance provides financial protection for your loved ones in the event of your passing, with term life insurance being the most basic and affordable option.

Disability insurance helps replace your income if you become unable to work due to illness or injury, with some policies offering partial income replacement for up to 2 years.

Homeowners insurance protects your home and personal belongings from damage or loss, with average annual premiums ranging from $800 to $2,000.

Auto insurance covers damage to your vehicle and liability for accidents, with rates varying depending on factors like location and driving history.

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Having the right insurance coverage can be a lifesaver, literally. According to the article, life insurance can provide a financial safety net for your loved ones in the event of your passing, with some policies offering coverage up to $1 million.

With health insurance, you can enjoy peace of mind knowing that medical expenses are covered. The article highlights that many health insurance plans offer a deductible of $1,000 or less, making it more affordable.

Accidents can happen to anyone, and that's where disability insurance comes in. The article notes that disability insurance can provide up to 60% of your income in the event of a disability, helping you maintain your lifestyle.

Homeowners insurance is a must-have for those who own a home, covering damages to your property and liability in case someone gets hurt on your property. The article states that homeowners insurance policies typically cover damages up to $250,000.

Travel insurance can be a great investment for those who love to travel, covering unexpected medical or travel-related expenses. Some travel insurance policies even offer coverage for trip cancellations or interruptions due to unforeseen circumstances.

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Having the right insurance options can bring a sense of security to students and families.

Many students rely on their parents' insurance plans, but 75% of students in the US are not covered by their parents' health insurance.

Families with multiple children can face significant costs when each child requires their own insurance plan.

On average, a family of four with two children can expect to pay over $1,000 per month for health insurance premiums.

Insurance plans that cover students can help alleviate some of the financial burden on families.

Students who are not covered by their parents' insurance plans may struggle to afford the costs of healthcare, with 25% of students in the US delaying medical care due to cost concerns.

Having insurance can also provide peace of mind for families, especially during times of crisis.

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Shelby County Schools employees and retirees will have to wait another month to find out what their life insurance rates will be for next year.

The district initially received just one expensive bid from MetLife, which led to the possibility of a benefit cut or increased premiums.

A second bid process yielded seven new bids, but it's unclear whether they are lower than the original bid from MetLife.

Superintendent Dorsey Hopson will bring options to the district in November, and a committee including retirees will weigh in on which contract to choose and what the rates will be.

The school board will review Hopson's recommendation at the November board meeting, delaying employees' and retirees' knowledge of their life insurance rates until then.