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Fairfield Township trustees approve switch to partially self-funded health plan, contract with MedBen
Summary
After a presentation on self-funded options, trustees authorized a contract with MedBen to administer a partially self-funded township health plan, citing projected savings of about $136,788 and two plan options including a reference-based, all-copay design. Trustees asked staff to educate employees and union leadership before open enrollment.
The Fairfield Township Board of Trustees voted Nov. 12 to authorize the township administrator to sign a contract with MedBen for third-party administration of township health benefits and to transition the township to a partially self-funded plan.
Health insurance consultant Lisa Stamm told the board that self-funding "is a way that you can actually maintain benefits at an affordable cost" and described two proposal options she and her firm modeled for township employees: Option 1 largely mirrors the current fully insured plan design but on a self-funded basis; Option 2 uses…
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