Oconomowoc council OKs plan to offset increasing insurance costs
Like many municipalities,
However, under the current traditional plan, significant increases are forecasted for city employees. The 2024 cost for a city employee is
The city’s cost for providing health insurance in 2024 was
To help minimize the cost to city employees, Posnik proposed, and the council approved, changing the city’s health plan to the P14 Deductible HMO-Standard, meaning the city would include a
Thus, the city costs are reduced. The 2025 annual cost is now projected to be
For employees, the cost in 2025 would be
When it comes to attracting and retaining employees, Posnik said the city’s pension plan and health insurance are two key tools.
"Any changes to our health care benefits would negatively affect recruiting and retention," he said, adding the city doesn’t pay anything for vision, dental or disability insurance.
In other meeting news:
The council approved awarding a construction contract for Well No. 8
Louie Fest at the
Federal Reserve Bank of Philadelphia seeks next president and CEO
Minnesota’s auto, home insurance rates rising fast
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