Friday, July 14, 2006
Health insurance for employees is a large expense for most businesses and units of government and the village of Glen Carbon is no exception.
What is outstanding is the benefit structure, Finance Director Rick Jett told the Finance and Administrative Committee Monday night. He advised and the committee supports discover other options.
Jett said health insurance premiums are going up about 12 percent for the revitalization period that begins Aug. 1. He said two years of comparatively small increases, 6.4 percent for this year and 9.6 percent for fiscal year 2005 were headed with a 16.9 percent increase in FY 2004 and 17 percent in FY 2003.
He said it is the chief percent of increase of all of the village's expenses, averaging 12 percent over the past five years and 90 percent of it is bear by the village.
A subcommittee on health insurance include department heads, a person from the Finance Committee and a person from the communal bargaining committee, is exploring options with other providers, but cannot make a advice about a new provider awaiting it has all of the figures, Jett said.
posted by kanth
@ 9:43 PM
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