Monday, February 22, 2010

Health Insurance Premium Facts


The link below will help explain why Article 3 & 4 are within reason to ask city employees to pay their fair share of their health insurance premiums. Article 3 & 4, if approved, will require teachers and city employees to pay 20% of their health insurance premiums. Currently the police pay nothing, teachers pay 10% and the rest pay 7% up to 4% of their base salary. This will save the City taxpayers $927,287 per year according to City Treasurer and the Chief Financial Officer of the schools.

The link explains the average within the State of Vermont for a single plan is 20% co-pay and the total of the plan is $4900.00.

The average for a family plan is a 26% co-pay towards premiums and a total policy of $13.091.00 per year. The city currently offers family plan policies exceeding a total benefit plan of $23,000. These stats provide information about how much the city taxpayers are exceeding the state average for the benefits employees currently enjoy. We realize many city employees will not like these changes, but what is best for the community?

Please click below for the stats:
Health Costs & Budgets - Vermont - Kaiser State Health Facts

Click here for a map of the us and these average levels: http://www.statehealthfacts.org/comparemaptable.jsp?ind=270&cat=5&sub=67&yr=63&typ=2&rgnhl=47

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