At Wednesday night’s Everett City Council meeting Keith Robertson from Alliant Insurance Services, Inc. (the city’s insurance consultant) gave the council an overview of current healthcare spending on city employees. Some of the highlights include:
- Everett is self-funded and does not pay traditional insurance premiums for health coverage.
- In 2004, the per employee health cost for each City of Everett employee was $777.82
- In 2014 the per employee health cost is $1152.86
- The maximum out of pocket cost a City of Everett employee has to pay for a medical condition is $750.00
- If Everett went into an insurance pool, costs would likely go up by $1 million dollars a year.
Everett is currently looking at ways to trim a growing budget deficit and trying to find ways to cut costs and grow revenues to close the financial gap. On June 4th the Mayor is scheduled to give his budget reduction recommendations to the Everett City Council.
[ad#Google 4]
May 21, 2014
Everett Economy, Everett Government