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Board hears 5.81% renewal for health benefits after negotiation with insurer
2661625 · January 23, 2025
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Summary
Committee reported Aetna proposed a larger increase but Marsh & McLennan negotiated the renewal down to a 5.81% increase; Budget & Finance expressed comfort with the renewal.
The Budget & Finance Committee reported to the governing board on Jan. 23 that the association’s employee health benefit renewal with Aetna will increase by 5.81% for the upcoming year after negotiations by Marsh & McLennan.
Why it matters: the committee and HR sought to limit increases amid industry‑wide cost pressures in health care and pharmaceuticals. Director Novello…
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