Village of Massena seeing significant rise in health care costs
Jan. 15—MASSENA — The village of
Treasurer Kevin M. Felt said they're looking at a 40.9% increase in
He said that will increase the village's monthly cost from
"I'm not sure why it was that jump, but it did go up," Felt said.
The village has a separate plan with
Felt said they also received an update on the village's premiums for
"They had submitted a request for 13% to the state," Village Administrator
"They don't always get that, so we're better off for it," Felt said.
He said their provider updates premiums on a calendar year basis. But, those premiums cover two fiscal years since the village's fiscal year runs from June through May.
"That's made to cross over both fiscal years because of our fiscal year being June through May. We will see an increase in the premium costs of 4.94% for fiscal year 2024-2025, January to May, and fiscal year 2025-2026, June to December," he said.
The premium to cover employees will increase from
The premium to cover employees and children will increase from
During the latest village board meeting, Felt also reported on the status of the village's audit with its new firm, the
"Our auditors,
Felt anticipated wrapping up his financial statement preparation last month so it could be reviewed this month with a goal of completion by the end of January.
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