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Monroe City Council approves modest funding increase for employee health and cafeteria plans
Summary
Council approved a 3% funding increase for the city's self-funded health plan for FY2025—26 and heard results from the city's 2024 biometric screenings and chronic-condition programs delivered by Piedmont Pharmaceutical Care Network.
Monroe City Council on Feb. 11 approved a recommended 3% funding increase to the city's self-funded health and cafeteria plans for fiscal year 2025—26, with no change to employee contributions and no benefit changes beyond an IRS-required adjustment to Health Savings Account (HSA) plan deductibles.
The funding request, presented by Lisa Jensen, the city's human resources director, and Mark Broward of Mark3 Employee Benefits, sought a modest budget increase to maintain the plan's conservative funding posture. Mark Broward said the plan has been conservatively run and that claims have averaged about 3.8% per year on the claim side. "From a net cost basis we only think that the net costs are going to go up about 1 and a half percent," Broward told the council.
Why it matters: Monroe's health plan is self-funded, meaning the city pays administration and claims costs and carries stop-loss insurance…
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