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Riverwoods delays health‑insurance decision until March 18 after staff review of IPBC alternative
Summary
Finance staff presented potential savings and additional benefits from joining the Intergovernmental Personnel Benefit Cooperative (IPBC) for the village's July 1 insurance renewal and asked trustees to flag concerns before a March 18 vote.
Village Finance Director Vasquez told trustees March 4 staff has evaluated membership in the Intergovernmental Personnel Benefit Cooperative (IPBC) as an alternative to the state insurance plan the village currently uses and expects to place an agenda item on March 18 for board consideration.
Vasquez said IPBC provided pricing that is comparable to the village's current Blue Cross option and that early comparisons show projected savings of roughly 2.6% for the village based on quoted plans. He…
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