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Fenton board votes to accept 11.25% increase for employee medical plan
Summary
The board approved a one-plan renewal option with an 11.25% premium increase and readopted other locked-rate coverages; discussion included alternative deductible options, HSAs/FSAs and employee education.
The Fenton Board Committee voted to accept an 11.25% increase to the city—s employee medical plan and to readopt other rate-locked coverages after hearing options from the city—s benefits advisers.
The vote followed a presentation of three single-plan options: retaining the current base plan as the sole offering with an 11.25% premium increase; a $3,500 deductible option representing a little over a 5% increase; and a $5,000 deductible option that would slightly lower premiums compared with current rates. Nikki, a city staff member, and Amy, an insurance consultant, told the committee the single-plan choice would not prevent the city from offering…
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