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District warned of potential mid‑year health‑insurance increases as budget planning continues
Summary
Business Administrator Gibbs told the May 11 board that New Jersey educators' health plans face deficits and that agents discussed a possible mid‑year 14% premium increase effective July 1, 2026, and larger increases (up to ~29%) for the 2027–28 plan year; the board was advised to prepare budget scenarios accordingly.
Business Administrator Gibbs told the Pequannock Township School District board on May 11 that major health‑insurance pools used by New Jersey school districts are running deficits and that district planners should be prepared for significant premium inflation.
"It looks like the fund balance will be going up by close to $600,000 providing there are no large expenditures between now and the end of the school year,"…
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