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Templeton told health-insurance rates may rise to 9%; advisers outline stop‑loss, rebates and short‑term options
Summary
At an April select board meeting, an outside insurance adviser told Templeton the plan's indicated renewal is about 9% — not the 5% in the draft budget — and outlined using pharmacy rebates, stop‑loss reimbursements or supplemental transfers to cover any gap.
An outside insurance advisor told the Town of Templeton Select Board on April 2025 that the town's healthcare renewal indicated by claims through January points to about a 9% increase for fiscal 2026, not the 5% included in the draft budget.
Kevin Pecos, an adviser with NFP who presented the claims analysis, said the higher figure reflects three drivers: winter respiratory claims, expensive GLP‑1 drugs now widely prescribed for weight loss, and new high‑cost cancer immunotherapy medicines. “The purpose of a prospective analysis is to predict for the new fiscal year… what does the rate increase need to be?” Pecos said. “We indicated Adam in early February that claims had gotten worse and that the rate increase was indicated at approximately 9%.”
Pecos and Ken, the underwriter he brought to the meeting, emphasized that the indicated renewal is calculated on a rolling 24‑month…
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