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Belmont faces double‑digit insurer renewals; staff weighs self‑funding after 39–50% quotes
Summary
City staff reported insurer renewals with UnitedHealthcare at 39.3% and Blue Cross Blue Shield at about 50%—exceeding the 25% increase assumed in the draft budget. Council discussed moving to a self‑funded plan through HUB International/Pareto; staff said year‑one costs could require an unassigned fund‑balance set‑aside of amounts mentioned in the presentation.
City staff alerted council to unexpectedly large health‑insurance renewal quotes that exceed assumptions built into the draft FY 2026–27 budget. Miles told council the city had budgeted a 25% increase but recently received formal bids that were materially higher: UnitedHealthcare quoted a 39.3% increase and Blue Cross Blue Shield quoted roughly…
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