Health Insurance Premiums Expected to Rise Significantly for Public and School Workers
New Jersey public employees and school workers are facing substantial increases in health insurance premiums. Actuaries have proposed rates showing average hikes of 34% for school employees, while other public workers and retirees can expect increases around 13.3%. These steep rises reflect a continuing trend in health insurance costs for state workers. Furthermore, broader data suggests that ACA plans across several states will see increases of about 14% in 2027, with issues noted in Ohio and Iowa following the expiration of enhanced subsidies.
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On July 15, state actuaries proposed 2027 rates for health insurance plans to the New Jersey School Employees' Health Benefits Commission (SHBC). The newly proposed rate includes average increases at ...
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