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Committee hears that switching to a focus network could cut premium growth
Summary
Administrator Wendy told the committee choosing a focus-network health plan (SSM providers) would limit premium growth to about 2.1%; keeping the current network would raise premiums about 6.9%, a roughly $30,000 difference in the draft budget.
The committee discussed health-insurance assumptions after Wendy said the draft budget reflects a 2.1% premium increase tied to choosing a narrower 'focus network.' She contrasted that with a 6.9% increase if the city retains its current broader provider network, noting the difference equates to roughly $30,000 in premiums.
"If we renew the exact same coverage that we have, it would be a 6.9% increase," Wendy said, adding that the 2.1% estimate assumes a switch to a focus network limited to SSM providers. She noted staff surveyed employees about preferences and that results slightly favored the lower-premium option; the committee asked staff to continue exploring the trade-offs before final recommendations.
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