USA | School district reckons $61 million in savings over three years from self-insurance

Paterson Times | 10 Apr 2018

The school district’s move to leave the state health insurance plan in the 2018-19 school year to run a self-insurance program will save $61 million over a three-year period, according to school officials.

Under the self-insurance program, district employees will see $15.8 million in savings from decreased contributions during that same period, according to the school district. Business administrator Richard Matthews proposed leaving the state plan for a self-insurance program late last year to balance the district’s budget.