City of Hudson is trying again to lower health insurance costs
Associated Financial Group will attempt to find a health insurance plan for Hudson city workers that is less expensive than the one now provided through the State Group Health Insurance Program.
The City Council approved a six-month contract with the multi-line insurance agency, a subsidiary of Associated Banc-Corp, at its June 2 meeting.
The city will pay Associated Financial $6,000 for consulting services over a six-month period.
The goal is for the company to, by mid-September, present the city with an alternative insurance plan that would save tax dollars.
Alderman Alan Burchill, who owns an insurance agency, suggested that the savings might be $200,000 or more annually.
Health insurance premiums for the 73 city employees eligible for benefits will cost the city about $1.3 million in 2008. Willi said $800,000 of that comes from the property tax levy and about $500,000 is funded through water and sewer charges.
For more information see the June 12 edition of the Star-Observer.