Select Board starts process to shift to new health insurance provider
The decision aims to reduce the expected increase in the town's overall premiums and have town employees share less of the monthly premium cost, which is 50%.
"This was a required notice of change," said Select Board Chair
She said the Trust had to be notified by
There were two factors that motivated the change.
Last September, the
But the other driver was a concern about the financial viability of the Trust.
In October, Chief Administrative Officer
"I have zero confidence that it is being managed responsibly … I don't trust them," she said, adding that she's concerned the Trust could declare bankruptcy at any time.
According to the
That meant
According to the Trust's rate sheet, a monthly insurance premium for an individual using an HMO jumped from
The Trust increased its premium again in early March by 12.4% and for the first time required a deductible of
Since the Town Meeting vote, Parker and Assistant CAO and Human Resources Director
Before the board could vote on the withdrawal, the town was required to communicate its intention to the town's unions for DPW, the
As for the search to replace the soon-to-be former insurance carrier, Gale said Cignoni and Parker have been looking at some "very good options."
She said Cignoni and Parker had reviewed some plans that were very comparable to the Trust and "equitable where they are looking as far as coverage."
However, she said health insurance costs are rising nationally, so an increase should be expected.
During the Special Town Meeting, many of the residents who spoke in favor of allowing the town to change the 50/50 split wanted to know what the new percentage might be, like 70/30 or 80/20.
Gale said it's still too soon for that to be determined, and those discussions would be driven by the negotiations between the town's unions and the administration.
The collective bargaining agreements for the
When Gale was asked about an estimated time it might take for those unions to reach agreements with the town, she said: "It took three years for the


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