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Brown & Brown reports roughly 18% Blue Cross Blue Shield renewal increase; trustees request reconciliation
Summary
Village benefits broker reported Blue Cross Blue Shield asked for a 22% premium increase that was negotiated down to about 18%, pushing medical plan spending from ~$1.9M to ~$2.3M and overall plan costs to roughly $2.4M. Trustees asked for a detailed reconciliation of enrollments and invoices before a final decision.
Bridget Stewart of Brown & Brown Insurance presented the village's employee benefits renewal and told trustees that medical premiums would rise significantly under the Blue Cross Blue Shield renewal.
Stewart said the village's current medical spend is about $1.9 million. Blue Cross and Blue Shield initially proposed $2.4 million (a 22% increase) for the 2025 policy year; after negotiations Stewart said the final renewal represented an 18% increase to about $2.3 million, an increase of about $356,000…
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