Q: Is our health insurance self-insured, administered by a third party?
The Company is self insured, they pay the remainder of costs and they have catastrophic coverage. A third party administers the claims. In 2022-23, the total insurance premium increased 0%, in 2023-24 the total premium increased ~3%.
Being self-insured has no bearing on the actual insurance coverage. The pilots negotiate coverage in their contract, and we have a “me-too” clause on their coverage.