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Council renews self‑funded employee health plan with modest premium increase; Medicare Advantage carrier change announced
Summary
The Town Council approved renewal of the town’s self‑funded employee group health program with a 2.3% premium increase and a carrier change for retirees; consultants from Horton Group presented financial context and noted rising large‑claim and pharmacy costs.
The Town Council on Oct. 6 approved renewal of the town’s employee group health insurance program after staff and consultants described the fund’s financial position and recommended continuation of current plan features with a modest premium increase.
City Manager Reese told council that the town’s health fund is self‑funded and “in a strong financial…
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