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Finance Committee told health insurance costs are rising; carrier quotes pending
Summary
Treasurer Roti told the committee health insurance premiums are increasing and staff are awaiting vendor quotes; one company already declined to provide a quote, and the committee has not decided whether to change carriers.
Treasurer Roti said on Feb. 24 that the city is seeing higher health insurance costs and that staff must choose whether to keep the current insurer or switch providers.
"Health Insurance is increasing. Need to decide whether to stay or change companies. Still waiting on quotes. One company already said no," Roti said. The committee recorded no decision and staff are continuing to solicit quotes.
The discussion was brief and no formal action or timeline for selecting a carrier was recorded in the meeting minutes. Committee members did not take a vote at the Feb. 24 session.
