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Ventnor moves to partially self-insure employee health benefits; dedicated account authorized
Summary
The commission authorized a new depository account and a move toward a partially self-insured health benefits program intended to reduce the city’s 2026 premium increase from a projected ~36% under the state plan to about 14% under the new structure, with stop-loss and reinsurance described.
Ventnor City officials on Nov. 13 described and authorized steps to withdraw from the State Health Benefits Plan and establish a partially self-insured program for municipal employee health insurance. Staff said the change will include a dedicated depository account for self-funded claims, administration via a third-party…
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