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City to consider keeping group life and LTD plans after insurers offer to honor rates
Summary
Staff reported that Standard and Hartford will honor current life and long‑term disability (LTD) rates and Hartford may offer a lower LTD rate; council asked insurers to present to the council at the next meeting before making a decision.
City staff told council members that the city’s current group life and long‑term disability (LTD) plans could be preserved without an increase in employee rates after insurers told staff they would honor current pricing. The decision matters to city employees because many have supplemental policies and dependents that could face higher individual premiums if the city stopped offering group coverage. A staff member (unnamed in transcript)…
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