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Tarpon Springs trims health‑insurance placeholders after competitive bids; personnel costs still rise with 3% COLA
Summary
After going to market, staff reduced the health‑insurance placeholder from 18% to 12% and will present plan specifics with HR and the Gearing Group; however a 3% COLA adds roughly $1.1 million in personnel costs and several positions remain frozen.
Finance Director Ashley Kimpton told commissioners the city went to market for health coverage and reduced the placeholder from 18% to 12%, producing an estimated $310,000 in citywide savings. Kimpton said the HR director and the Gearing Group will present plan specifics at an upcoming meeting; she added that the new plan will not be the previous 'Cadillac' level but is intended to be competitive.
Kimpton also confirmed a 3% COLA is factored into the FY27 draft and amounts to about $1.1 million citywide. Commissioners noted the tradeoffs in plan design, such as higher copays, as the city worked to reduce premium assumptions. Several general‑fund positions remain frozen pending budget finalization.
