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County and schools explain 24% health‑plan rate increase and proposed one‑time transfer to shore up reserves
Summary
Albemarle County and school division staff told the school board the health care fund has experienced several years of high claim growth, prompting a recommended 24% employer-rate increase for plan year 2026 and a proposed one‑time local government transfer that would allocate about $6.2 million to the school division’s share of a $9M infusion.
Albemarle County and school finance leaders told the school board on Feb. 27 that the county’s self‑insured health plan has experienced sustained, above‑average claim growth and a recent year with an unusually large number of very high‑cost claims.
County and school staff said the fund’s expenditures have averaged roughly 16% annual growth over the past four years, driven in part by an unusually high number of high‑cost claimants in plan year 2024. The county’s assistant chief financial officer, Andy Bowman, said plan‑year 2024 had 16 claimants with more than $325,000 in claims and many more in the $100,000–$325,000 range.
To restore reserv…
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