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Oakland commission approves switch to Florida Blue for employee health coverage to reduce employer costs by an estimated $131,000
Summary
Town staff said the change from the town's existing plan to Florida Blue, along with changes to dental and vision vendors, would maintain comparable coverage and lower employer costs from about $1,015,448 to $883,956 (estimated savings of roughly $131,000); the commission approved the change by voice vote.
Town staff told the commission that the town's current health-benefit contract with the Florida Municipal Insurance Trust (FIT) carried an approximate 10% employer-cost increase for fiscal year 2024'25. Mullings Insurance Agency obtained competing quotes from Florida Blue, Cigna and Aetna and recommended switching to Florida Blue for the best cost savings…
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