Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board selects new insurance carriers, agrees to absorb 5% premium increase; decision on 5% COLA deferred
Summary
The Board of Mayor and Aldermen approved new health insurance carriers and agreed to absorb a 5% increase in premium costs for the plan year beginning April 1; the larger question of a 5% cost-of-living increase was discussed at length and formally deferred to the next meeting.
At a meeting of the Board of Mayor and Aldermen, the board approved a set of employee insurance carriers for the plan year beginning April 1 and voted to have the city absorb a 5% increase in premium costs for the coming plan year.
Human resources staff presented recommended carriers and said the broker had negotiated the increase down from a higher initial offer. The board approved Cigna Healthcare for medical, vision, life, AD&D and long-term disability coverage; Abacus for short-term disability; and Delta Dental for dental coverage.
Human Resources Director (speaker listed as Human Resources Director) told the board the negotiated increase would translate to an estimated overall premium increase of about $105,606 based on current enrollment. The…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
