City Insurance Premium Increase

Written by Larry Crippen. Posted in Local News, News

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City Insurance Premium Increase

Published on August 07, 2013 by Larry Crippen

The City of Huntsville continues to move forward in efforts to balance their budget without another tax increase.

In a workshop Tuesday night, it was discussed that the City’s recommendation is to increase employee insurance premiums by 10 percent. The plan also calls for adding $100 prescription deductibles, and increasing co-pays–all geared toward a balanced budget.

The health insurance fund would be cut by $200,000. In the plan, employees would also pay for additional life insurance and long-term disability.

The City’s health insurance fund racked up a deficit of nearly $600,000 following spending over $800,000 from the fund balance.

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