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Finance committee recommends 2026 insurance package, cites minimal net cost increase
Summary
The Machesney Park Administration Finance Committee recommended approval of Resolution 74 R 25 to purchase 2026 insurance coverages with Blue Cross Blue Shield of Illinois and Principal Life Insurance Company; staff said the village’s net increase is about 0.32% despite a 12.66% collective plan rise because the HMO was eliminated. Open enrollment runs Dec. 2–12.
The Machesney Park Administration Finance Committee voted to forward Resolution 74 R 25 to the full board with a positive recommendation to approve insurance coverages with Blue Cross Blue Shield of Illinois and Principal Life Insurance Company for Jan. 1–Dec. 31, 2026.
Finance and HR Director Shannon Hanson told the committee the village reviewed benefit plans for 2026 and that,…
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