Last week, AON presented its recommended 2026 premium increases to the State Health Benefits Commission (SHBC) and the School Employees’ Health Benefits Commission (SEHBC) — and the numbers are substantial for both medical and Rx premiums:
SHBP – Local Government:
- +32.7% medical
- +62.9% prescription
- View rate setting analysis report (SHBP)
SEHBP – School Boards:
- +27.9% medical
- +58.6% prescription
- View rate setting analysis report (SEHBP)
These increases are still recommendations and are not yet finalized, but they reflect the ongoing financial instability in these plans which are consistent with the recent NJ State Department of Treasury report (see our recent article in case you missed it). We will continue to actively monitor this situation and will update you as soon as the SHBC and SEHBC vote on the final 2026 rates.
In the meantime, if your public sector clients are enrolled in the SHBP or SEHBP, now is the time to start evaluating alternative options. In this volatile market, Benecard’s fixed-rate prescription benefit model can offer greater predictability and stability.
Contact us today at (800) 734-9528 or talktous@benecard.com to learn more about our unique prescription benefit solutions.
