Jason Powers, health insurance agent for the City, gave some historical data concerning the City's health insurance premiums and expenses since September 1st of 2009.
informed Councilmembers that, although insurance rates had increased an average of 10 percent annually since 2009, increases in premium expenditures had been controlled by the implementation of a high deductible health plan with a health savings account and the City
was well ahead of the initial 2009 projected savings in premium dollars.
Of this year's 13.93 percent premium increase from Blue Cross Blue Shield of Nebraska, Mr. Powers
explained that 10.73 percent was attributable to the direct cost of insurance and 3.2 percent was associated with the implementation of the Affordable Care Act.
gave a comparative overview of the City's
policy structure and recommended various changes for future cost control.
Mr. Powers also explained that having a broader view of the City's insurance programs would be a useful tool in providing cost control guidance relative to the City's insurance expenditures and told members it might be beneficial to appoint him as the agent for group term and voluntary policies currently offered to City employees.