The financial status for the Public Employees Insurance Agency got a good report with a few warning signs.
The main PEIA plan finished almost on target, but late large claims and a tighter reserve outlook took some of the shine off.
That was all according to a PEIA Finance Board meeting on Thursday afternoon, where agency representatives went over the final, unaudited financial results for fiscal 2026 and looked ahead at projections for fiscal 2027.
This continued a trend where the financial reports for the agency have been generally stable.
From the review presented to the finance board this week, PEIA brought in $25 million in non-operating revenue against a $9 million budget.
Medical claims rose about 3% over last year and drug costs about 6 percent, which PEIA’s analysts considered to be more or less under control.
Yet from June through August high-claim alerts came in regularly, creating some concern about financial effects.
Measured against the December 2025 plan, the year finished $9.6 million short, less than 1% of expenses. Medical claims ran $21 million over, partly offset by lower drug costs.
The next board meeting is scheduled for Oct 29.