Londonderry School Board grapples with surprise $2.02 million SchoolCare assessment; will recommend solution by December

Londonderry School Board members on Oct. 7 learned the district’s portion of a SchoolCare assessment totals $2,016,000 and heard staff outline payment options and timelines while warning of interest charges and potential loss of claims payments if the assessment is not paid.

SchoolCare, the assessable risk pool that provides health coverage for the district’s employees, notified participating members in late September that an assessment was required to restore reserves. SchoolCare’s actuarial analysis produced a $30,000,000 assessment for the pool; Londonderry’s share was calculated at 6.7 percent of that amount, producing the $2,016,000 invoice, staff said.

The assessment is written as a contractual and statutory obligation under the assessable-risk-pool provisions staff cited as RSA 5 (and related provisions). The board was told the district’s invoice is due Jan. 1, 2026; unpaid balances would incur a roughly 0.5 percent monthly interest charge and, if unpaid past July, SchoolCare may stop paying claims for the district’s employees.

"This was nothing any of the districts who subscribe to SchoolCare saw coming," Amity (staff member) said, summarizing staff…