Discussion and Possible Action to Approve the 2026-2027 Health Insurance Renewal for the City of Canton - Human Resources Director Amy Thomas

Summary

The City Council will discuss and potentially approve the renewal of health insurance for the 2026-2027 term. The city's insurance broker, Mark III, has presented a renewal quote from Anthem. The proposed renewal indicates a 19% increase in overall health insurance premiums for medical coverage. To manage this increase, the cost-sharing percentages between the City and employees have been slightly adjusted. For the Traditional Plan, the split ranges from 80% City/20% employee for family coverage to 95% City/5% employee for individual coverage on the High-Deductible Plan. A separate renewal quote for dental insurance with Anthem shows a 9% increase. This dental premium increase will be absorbed by both the City and employees covering dependents.

Citizen Impact

Residents employed by the City of Canton can expect an increase in their health insurance premiums due to a 19% rise in overall costs. The city is adjusting cost-sharing percentages, meaning employees may pay a larger portion of their health insurance premiums, particularly for family coverage.

Confidence

high