The Cypress-Fairbanks Independent School District (CFISD) Board Work Session on May 1, 2025, highlighted significant cost savings in voluntary insurance plans for district employees. The meeting focused on the successful efforts to reduce premiums across various insurance offerings, which will directly benefit teachers and staff.

During the session, it was reported that the district achieved substantial reductions in insurance premiums through a streamlined approach. For instance, premiums for group life insurance through Voya were reduced by 51.85%, while disability insurance premiums decreased by an average of 15%. Other notable reductions included a 27% decrease in vision insurance premiums and a 16% reduction in hospital indemnity plans through MetLife. The overall savings amounted to nearly $280,000,000, which was made possible by consolidating brokers and negotiating better terms.

The district emphasized the importance of these savings, especially in light of potential salary increases that may not fully offset rising costs for employees. The process involved a Request for Proposal (RFP) for a single broker to manage voluntary insurance plans, which allowed for more effective negotiations and cost management.

The board expressed appreciation for the efforts of the insurance team, acknowledging their expertise and dedication in achieving these savings. The meeting underscored CFISD's commitment to providing valuable benefits to its staff while managing costs effectively. As the district continues to explore further opportunities for savings, the focus remains on enhancing the financial well-being of its employees.