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South Lebanon council adopts pooled benefits and authorizes high-deductible health plan with HSA contributions
Summary
The South Lebanon City Council on Nov. 6 adopted two emergency resolutions to join a pooled benefits plan and to authorize a high-deductible health insurance plan with employer HSA contributions, a move city officials said will reduce costs for the city and for employees.
The South Lebanon City Council on Nov. 6 adopted two emergency resolutions to join the Center for Local Government Benefits Pool and to authorize a high-deductible health plan with employer contributions to employee Health Savings Accounts (HSAs).
Tina Williams, director of finance, told the council the city experienced back-to-back premium increases — a roughly 27% increase earlier in the year and about 20% the prior year — and that administration sought alternatives to reduce cost for both employees and the employer. "This is a topic that we've been talking about all year," Williams said. She estimated the city will see about a 16% net reduction in its health costs, which the finance memo projects will equal roughly $50,000…
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