Whitefish Bay Saves $622,000 Through Insurance Modification
The village will save $347,000 this year and at least another $275,000 in 2014 by contracting directly with an insurance provider instead of through the state's Employee Trust Fund.
Whitefish Bay was able to save at least $622,000 over the next two years by changing the way it contracts with health insurance providers. Typically, the village acquires its benefits through the state's Employee Trust Fund. Most employees choose WEA Trust, which offers the lowest-priced plan. After conducting an analysis, the village's insurance broker determined it was able to save money by eliminating the state as a middle man and contracting directly with WEA Trust. The Whitefish Bay Village Board voted in approval of the two-year insurance plan at its Monday night meeting. Although it's a two-year plan, the contract will be signed one year at a time. The WEA Trust Plan comes in $347,000 under the price offered through the Employee …
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Bob McBride
3:20 pm on Friday, November 23, 2012
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