The Village of Menands Board of Trustees meeting on November 4, 2024, spotlighted a significant shift in the village's health care plan for eligible retirees. The discussion centered around the rising costs of the current coverage, specifically a staggering 34% increase from CDPHP, which translates to an additional $58,000 burden on the village budget.

Trustees explored alternatives to alleviate financial strain while enhancing benefits for retirees. The proposed solution involves offering zero-cost health plans, which would require no payment from either the village or the employees. This approach aims to provide retirees with more comprehensive coverage at a lower overall cost.

Key recommendations from insurance representatives Judy and Brandon highlighted a strategy where the village would reimburse each employee $150 for their Medicare Part A and B costs, deducted from their Social Security checks. This plan promises to deliver better coverage for retirees while significantly reducing expenses for the village.

The board's decision to consider these changes reflects a proactive approach to managing health care costs and ensuring that retirees receive the support they need. As discussions continue, the village aims to finalize a plan that balances fiscal responsibility with quality health care for its retirees.