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Woodfin staff propose health-subsidy changes and 2.8% COLA; council asks for trade-off scenarios
Summary
Staff recommended a hybrid health-insurance subsidy to reduce family premiums (proposed extra $600 for employee-plus-child/spouse tiers and $1,000 for family) and a 2.8% cost-of-living adjustment (COLA); council members asked for comparisons and options tied to tax-rate choices and pay adjustments.
Sherry Powers and Shannon presented a multi-slide analysis of health-insurance and compensation at the May 26 budget work session and proposed a two-part approach: a modest COLA and revised dependent subsidies to blunt recent premium spikes.
Shannon said health premiums have risen markedly in recent years and described a hybrid subsidy model that preserves a solid base plan while adding a targeted subsidy to make family coverage more affordable. "What we're proposing is $600 for employee-plus-child…
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