Trenton City Council Finance Committee Meeting Results
Date 2014/4/10 4:42:52 | Topic: News
|The Trenton City Council's Finance Committee is recommending the City pay 100% of employees health insurance premiums, but, employees would be responsible for paying 35% of the costs for their spouses' and children's health insurance. The City would pay the rest. |
It's part of a balanced budget to be presented to the full City Council. No pay increases are included in the budget.
Under the proposed insurance plan, there would be no health savings account option. Although the City no longer would contribute to health savings accounts, money in existing HSA accounts still belong to employees.
The Finance Committee also is saying employees will need to pay higher portions of their health insurance premiums in future years. It's anticipated the premiums will go up considerably next year.
Finance Committee Chairman Larry Huffstutter indicated the employees have a real good deal regarding health insurance. He said the City needs to ask for help or the City will be broke and would have to cut jobs. Huffstutter also indicated employees eventually will need to start paying for at least half of their insurance.
Finance Committee member, Travis Elbert, who gave a report on insurance options, also indicated employees have a real good deal regarding insurance. He remarked it's hoped
pay raises can be given to employees while they're being asked to pay more for their insurance.
Board of Public Works member, John Kennebeck, suggested the employees' share of the health insurance payments could be increased in stages over the years.
Insurance agent, Larry Bunnell, noted the cost of a 3 to 3 1/2% tax associated with Obamacare is expected to be passed onto the insurance purchasers. Insurance agent, Bob Barnes, also participated in the discussion at Monday's Finance Committee meeting.