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.
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.
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