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Personnel committee explores municipal self-insurance for employee health benefits; consultants and RFP expected
Summary
Councilman Lambert reported the Personnel & Labor Committee has studied municipal self-insurance as a possible response to rising annual premiums (about $5.2 million) and will seek consultant proposals (RFQ/RFP) to analyze feasibility, stop-loss needs and reserve requirements; estimated potential savings cited were roughly $300,000.
Councilman Lambert reported that the Personnel & Labor Committee has spent months studying whether Glens Falls should shift employee health benefits from fully insured plans to a self-insured model.
Lambert said the city currently pays an annual premium “presently around $5,200,000” and that the…
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