Middlesex County Joint Insurance Fund Anticipates Positive Cash Position by Year-End

The most recent meeting of the Middlesex County Joint Insurance Fund (JIF) revealed the expectation of a positive cash position by the end of the year. The financial update came from Joe Pruiti, Fund Treasurer, who also mentioned an incoming check of around $66,000 from one of the member towns. This, in addition to the current financial trajectory, is seen as a potential benefit to the Fund’s financial position.

In addition to the financial update, there was a focus on the 2021 audit. Pruiti informed the members that all necessary information has been provided to the HFA staff and that the 2022 audit is likely to be completed by the end of the year, unless HFA indicates otherwise.

Another noteworthy topic was the potential inclusion of North Brunswick in the insurance fund. Glen Curts, the Fund Administrator, reported that a formal proposal has been released to North Brunswick. While the borough’s current program includes deductibles on all lines of coverage, the JIF offers first-dollar coverage on general liability and auto liability, making the proposal potentially appealing. The decision from North Brunswick is expected soon, and if they choose to join, the JIF’s budget will need to be amended accordingly.

In other business, the Fund reviewed a press release detailing their relationship with Qua Care, a network that has reportedly saved the Fund an estimated $13 million on workers’ compensation claims since 2021. The press release, expected to be released on Friday, emphasizes the benefits of Qua Care’s services in maintaining employee health and expediting return to work.

Note: This meeting summary was generated by AI, which can occasionally misspell names, misattribute actions, and state inaccuracies. This summary is intended to be a starting point and you should review the meeting record linked above before acting on anything you read. If we got something wrong, let us know. We’re working every day to improve our process in pursuit of universal local government transparency.

Fund Administrator:
Dan Henry
Insurance Fund Officials:
John Pulomena, Dennis Cerami, Joe Cryan, Jeanne Facendo, Stacey Bersani, Miles Diener-Bennett, Joe Morgan, Jeffrey Herron, John DeLorenzo, William Brennan, Deepak Matadha, Adrian Kabigting, Donna Smith, Joe Pruiti (Fund Treasurer), Patrick Diegnan (Fund Attorney)

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