District Warned of Major IERMP Premium Increase

Rantoul City Schools #137 reported that its health insurance cooperative, IERMP, has warned of a potential 25–35% increase in premiums effective January 1, 2027. The anticipated increase could add up to $560,000 in costs for FY27 and up to $1.1 million for the 2027 calendar year.

Document date · July 16, 2026

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Scope & details

The full contract record, as filed.

Contract type

INSURANCE

Contract term

Effective January 1, 2027, impacting FY27 budget January 1, 2027 to June 30, 2027

Renewal date

2027-01-01

Renewal

Premium increase is anticipated with the next annual renewal effective January 1, 2027; specific renewal terms and duration were not detailed.

Document type

Minutes

Source document

Rantoul City Schools #137 Meeting Minutes 2026-07-16

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Okaw Valley Community Unit School District No. 302 Agenda 2026-08-13

DISCUSSED

Okaw Valley CUSD 302, IllinoisAug 13, 2026

grayville_cusd_1_board_of_education_meeting_agenda.pdf

pending

Grayville CUSD 1, IllinoisNANov 19, 2025

grayville_cusd_1_board_of_education_meeting_agenda.pdf

PENDING

Grayville CUSD 1, IllinoisNov 19, 2025

Grayville CUSD #1 Board of Education Meeting Minutes Nov 2025

RENEWED

Grayville CUSD 1, Illinois17% increase (amount not specified)Nov 19, 2025

Community Unit School District No. 7 Board of Education Meeting Minutes October 2025

APPROVED

Tolono CUSD 7, IllinoisOct 15, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by Rantoul City SD 137?

IERMP was awarded this insurance contract by Rantoul City SD 137, as recorded on July 16, 2026.

What type of contract is this?

This is a Insurance contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Rantoul City Schools #137 Meeting Minutes 2026-07-16 (Minutes), dated July 16, 2026 from Rantoul City SD 137. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does IERMP hold?

IERMP may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View IERMP's profile

What is Rantoul City SD 137 currently buying?

Explore Rantoul City SD 137's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Rantoul City SD 137's profile