Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Employee Benefits topic
No spam. Unsubscribe anytime.
Select Board approves offering a high‑deductible health plan with town contribution to employees
Summary
Facing a projected 14.35% increase in premiums for FY26, Foxborough officials agreed to add a high‑deductible health plan option for employees with a town contribution (40% of deductible) for FY26–FY28, after discussions with employee groups and the Insurance Advisory Committee.
Town staff told the Select Board on June 10 that the town is facing a projected 14.35% increase in health‑insurance premiums for FY26, prompting discussion about adding a high‑deductible health plan (HDHP) with an employer contribution to a health savings account (HSA).
Presenters explained current HMO deductibles ($300 individual; $900 family) and contrasted the proposed HDHP deductibles (approximately $2,000 individual; $4,000 family). The town and employee representatives agreed to offer the HDHP option for FY26–FY28 with a town contribution equal to 40% of the high‑deductible cost for employees who elect the plan. The Insurance Advisory Committee reported consensus among employee groups to allow the additional option.
Select Board members approved a motion to add the HDHP as an available plan for all employee groups; staff said the change is intended to reduce premium costs for both the town and some employees while pairing the HDHP with an HSA contribution to offset higher out‑of‑pocket risk. The town will execute individual agreements with each employee group and monitor uptake.
