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Board hears budget warning: health insurance costs could rise about $40,000 monthly
Summary
The budget committee reported brokers told the district its self-insured stop-loss premium could increase by approximately $40,000 per month (roughly a 23% projected increase in health costs for 2026–27) due to high-dollar claims and prescription cost growth.
During the budget and finance committee report, Mrs. Gardella said the district’s insurance brokers projected the district will see about a $40,000 monthly increase in stop-loss premium for its self-insured plan, driven by high-dollar claims and a rise in prescription costs (the committee heard prescription costs rose from $600,000 to $1.5 million). The report said the overall health-cost increase for the 2026–27 budget could be roughly 23% and noted the district will consider cost-saving options, including raising current stop-loss coverage to reduce premiums.
Mrs. Gardella said the district remains a self-insured entity and the brokers considered that structure advantageous despite the projected increase; the committee will continue meeting and review cash flow, expenditures and cost-saving measures during the budget season.
What to watch for
The committee scheduled its next meeting (as read) to review budget lines and cost-saving strategies; any changes that affect employee benefits or budget appropriations would appear in forthcoming budget drafts.
