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Lancaster warns of steep health‑insurance increase as NHIT members depart
Summary
Town Manager Jessica Cyr told the Select Board that NH Interlocal Trust projects a 37% corrective rate for July renewals after claims trends rose from an expected 8% to about 19%; Cyr said NHIT will cover Lancaster only through June 30 as many July groups seek alternatives.
Town Manager Jessica Cyr told the Lancaster Select Board on April 21 that the town’s health‑insurance carrier, NH Interlocal Trust (NHIT), has experienced a sharp rise in claims and approved a corrective rate action that would raise premiums 37% for groups renewing in July.
Cyr said NHIT’s earlier projected trend was 8% but the current trend is about 19%, and that most July groups are leaving NHIT, which “means that NHIT is inviable,” according to the minutes. Cyr said the trust will honor Lancaster’s coverage through June 30 while the town solicits quotes for replacement coverage.
The board did not take formal action at the meeting, but Cyr said she is reaching out for quotes. The minutes do not specify potential replacement carriers or the expected budgetary impact to Lancaster’s premiums, and the town has not yet adopted any premium changes for employees. The termination of the NHIT membership agreement appears among packet information reviewed by the manager.
The Select Board’s next steps, as stated in the meeting record, are to obtain quotes and report back to the board; no timetable for selecting a new carrier was given in the minutes.
