Tewksbury To Save $745K Under New Insurance Deal
Montuori negotiates four-year agreement with municipal unions.
The Town and the School District will share in a $745,000 savings in the first year of a new insurance agreement with the municipal unions. Town Manager Richard Montuori negotiated the four-year deal with a committee representing all of the town's unions. It takes effect July 1. The town will continue to pay 75 percent of employees' premium for health insurance (Blue Cross/Blue Shield), 80 percent of the premium for dental insurance and 50 percent of the premium for life insurance. However, there are several changes in the new agreement that contribute to the savings. According to Montuori, current employees have the choice of joining the old HMO, the new HMO or the new PPO. New employees will choose between the new HMO and the new PPO. He…
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debbie
11:35 am on Friday, May 4, 2012
I agree Bill, it's a start but hopefully not the end. If any company can afford 75% that is fantastic but it is definitely not the norm. Most companies in the private sector also do not provide 90% of the Cobra premium. I was laid off in January of this year and am eligible for Cobra if I elected. I had to pay 100% of the premium and deducting that from unemployment just doesn't make sense. The … more ›