Manchester aldermen approve 10% insurance rate hike for city employees [Yahoo! Finance]
Elevance Health, Inc. (ELV)
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Source: Yahoo! Finance
City employees in Manchester will see an increase of 10% in health insurance costs as of July 1, following a vote this week by aldermen to raise rates. The vote to approve the rate hike was 8-6, with aldermen Chris Morgan, Dan Goonan, Crissy Kantor, Ross Terrio, Ed Sapienza, Norm Vincent, Kelly Thomas and Joe Kelly Levasseur in favor. Opposed were Pat Long, Christine Fajardo, Tony Sapienza, Jim Burkush, Bill Barry, and Dan O'Neil. While different unions have different cost shares, on Wednesday city human resources director Lisa Drabik broke down the weekly cost increases for a typical employee on an 80/20 cost share for the two plans offered as follows: HMO-SOS Single $4.41; HMO-SOS 2-Person $8.87; HMO-SOS Family $11.87; HDHP with HSA Single $4.18; HDHP with HSA 2-Person $8.39; and HDHP with HSA Family $10.79. In his Fiscal Year '25 budget address, Mayor Jay Ruais said his staff projects a $1.4 million overrun in health care costs this year. The Queen City is not alone, with
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ELV
Earnings
- 4/18/24 - Beat
ELV
Sec Filings
- 4/25/24 - Form 4
- 4/23/24 - Form 144
- 4/22/24 - Form DEFA14A
- ELV's page on the SEC website