Vegas-Area Teacher Health Trust Reports Shortage of Funds for Claims | Nevada News

LAS VEGAS (AP) – Health insurance trust providing medical coverage to about 34,000 Clark County teachers and their dependents tells health care providers it has no funds to cover claims made before July, a newspaper reported.

THT Health, formerly Teachers Health Trust, is a self-funded, non-profit organization established in 1983 and overseen by the teachers’ union, the Clark County Education Association.

It provides medical coverage with contributions paid by the Clark County School District.

A letter this week from THT Health CEO Tom Zumtobel cites transparency, saying the claims are currently unfunded and the trust is evaluating options, the Las Vegas Review-Journal reported.

THT Health did not respond to newspapers’ request for comment on the letter.

Political cartoons

Records previously obtained by the Review-Journal showed the trust owed $ 43 million in February.

The letter stated that she had settled some debts with her largest supplier at a reduced price.

A deal last month with the school district and teachers’ union allowed the trust to secure a $ 35 million advance in return for greater transparency, and the trust installed a new administrator and added two new ones. insurance plans for teachers, the Review-Journal reported.

He said the trust received a bailout of around $ 10 million in 2015, but was the subject of a class action lawsuit in 2017 alleging non-payment of claims.

Copyright 2021 Associated press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Previous The desire for work flexibility pushes junior bankers towards fund management
Next Tourism Finance Corp Rises as Board of Directors Reflects on September 3 Fundraiser