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Clerk: Medical Associates premiums to rise 18.4%, deductibles increase
Summary
Clerk/Treasurer Shawna Atterbury told the committee Medical Associates health insurance premiums will increase 18.4%, raising the village's monthly premium from $2,233 to $2,633.19 and increasing single and family deductibles; the committee must consider the hit to personnel budgets.
Clerk/Treasurer Shawna Atterbury told the committee that Medical Associates health insurance rates would increase by 18.4%, raising the village's current monthly premium from $2,233 to $2,633.19. She said deductible amounts would also rise, from $6,000 to $6,500 for single coverage and to $13,000 for family coverage, though some plan costs would fall — for example, primary care visit copays would drop from $35 to $20.
Committee members discussed the implications for personnel budgets and agreed to use a 4% expense placeholder in the broader draft while final revenue and benefit cost allocations are determined. The increased premium figure will need to be reflected in personnel and benefit budgets as the budget is finalized.
