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City hears insurance RFP: negotiated plan limits premium growth but raises deductibles
Summary
Broker USI told council that Anthem's initial 15% renewal was negotiated to a 9% renewal offer and plan redesign yielded a 2.6% premium increase overall, with individual deductibles rising to $1,500 and family deductibles to $3,000; staff said the change would add roughly $12,000 to next year's budget and will be reviewed with employees.
City staff and broker USI presented the results of a request for proposals for Radford’s FY2026–27 employee medical, dental and vision plans, saying negotiations limited overall premium growth but required higher deductibles.
Katie Trimble of USI told council that Anthem initially proposed a 15% increase to the current plan but, after…
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