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Paterson Times

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10 Apr 2018

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

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.

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